LDC graduation on track as economy recovers: Finance adviser

Finance Adviser Dr Salehuddin Ahmed has stated that Bangladesh’s economy has successfully recovered from the brink, asserting that despite some challenges, the overall situation remains satisfactory

Staff Correspondent

Publisted at 1:33 PM, Tue Mar 18th, 2025

Finance Adviser Dr Salehuddin Ahmed has declared that Bangladesh’s economy is no longer on the verge of collapse, asserting that it has successfully rebounded.

Speaking to journalists on Tuesday (18 March) after a meeting of the Government Procurement Advisory Council at the secretariat, he noted that while the economy had previously been on the edge, concerted efforts have led to a turnaround.

"Bangladesh was at the brink, but we have pulled it back. The economy has now stabilised. Many are looking at Bangladesh with interest. Despite some mistakes, the overall situation is satisfactory," Dr Salehuddin Ahmed remarked.

He reaffirmed the government's commitment to achieving the country's planned graduation from the Least Developed Country (LDC) category by 2026.

Addressing recent remarks by US intelligence chief Tulsi Gabbard, he dismissed concerns over any negative impact on Bangladesh-US economic relations.

On port congestion and cargo clearance, the adviser stated that bottlenecks have eased.

"Businesses often attempt to introduce various new systems, and we are working to regulate and control them effectively," he added.

related news