At a press briefing to mark the release of the economic update on the country, head of ADB's Bangladesh mission Hua Du praised the opposition Awami League's decision to join the parliament and termed it 'a good sign for the country's economy'.
"Despite the recent fuel price increases, the subsidy remains very high, about $ 520 million or 0.8 percent of GDP," the report said, adding that losses of the Bangladesh Petroleum Corporation (BPC) would also remain high, estimated at $ 380 million in this fiscal.
"We are very hopeful that the country would be able to achieve the targeted GDP (gross domestic product) growth rate as some sectors including agriculture, industry and service have been performing well and showing positive trends," said the country director of the Asian Development Bank (ADB) Hua Du.
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Tags: money, economy, losses, sectors, opposition, parliament, gross domestic product, subsidy, gdp, bangladesh
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