Economy on safe trajectory

Bangladesh's economy is on a safe trajectory and it faces no impending danger, Finance Minister AHM Mustafa Kamal said yesterday while referring to the ongoing economic crisis in neighbouring Sri Lanka.

He was addressing a virtual press conference following meetings of cabinet committees on purchase and economic affairs respectively.

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Asked whether there was any threat for Bangladesh stemming from the Sri Lankan crisis, the minister said the whole world was still saying that Bangladesh's economic condition was strong enough.

The economic indicators global analysts usually evaluate to make such comments are satisfactory in case of Bangladesh, he said.

Currently countries whose debts are higher than their GDP are in danger the most, he said.

"We are not in that danger as our debt to GDP ratio is still 34 per cent and this is the lowest in the whole world," he said.

Mentioning that the country's economic condition was good and strong enough, Kamal said, "We will be further stronger in the future."

"One won't be able to find any fundamentals of our macroeconomy that indicates that our coming days will be bad," he added.

On ongoing discussions among economists and in the media comparing Bangladesh with Sri Lanka following the emergence of the crisis in the neighbouring island, the minister said the issue was not applicable for Bangladesh.