Forex reserves can cover import for 5 months: Quader

Claiming that the reserve will increase further in the country, Road Transport and Bridges Minister Obaidul Quader has said Bangladesh Bank has the capacity to import goods for five months with the reserve.

"As the export income is increasing gradually, the per capita income and GDP will also rise," he said while exchanging views with journalists at Chittagong Circuit House on Friday.

"Our inflation rate went over 9 but now it came down to 8," he said, adding that according to the latest report of the IMF, Bangladesh is now the 35th largest economy in the world.

Quader, also the general secretary of Bangladesh Awami League (AL), said per capita income of Bangladeshis is more than 2,500 dollars and will reach four thousand dollars in 2026.

Mentioning the impact of Covid-19, Awami League General Secretary said: "We are going through a difficult and challenging time. We had to increase the price of fuel. The gas crisis has been created. The prices of all commodities have increased. Common people are suffering."

Amid the global economic crisis, Bangladesh's situation is still stable due to the visionary leadership of Prime Minister Sheikh Hasina, Quader added.

Source: United News of Bangladesh