Bangladesh has witnessed a remarkable turnaround in recent decades. From being termed as a “basket case” by the American Under Secretary of Political Affairs in 1971, it is now frequently talked of a development success, having achieved fast economic growth and considerable poverty reduction. While Bangladesh’s per capita GDP was the tenth lowest in the world upon independence in 1971 and by 2015, the country had reached lower-middle-income status.
Over the past decade, Bangladesh has been one of the fastest growing economies in the world. It has among others benefited from a demographic dividend, strong ready-made garment exports, and stable macroeconomic conditions. While literacy rates have soared, infant mortality has plunged. And Bangladesh is now on track to graduate from the UN’s Least Developed Countries (LDC) list in 2026.
Imran Matin studied for a PhD in Economics at the University of Sussex and is the executive director of the BRAC Institute of Governance and Development in Dhaka. He has worked extensively on poverty reduction, financial inclusion, governance, health, and social protection. Imran previously served as a Country Director of the International Growth Centre in Bangladesh.
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