Current Affairs Classes Pre cum Mains 2025, Batch Starts: 11th September 2024 Click Here for more information
- According to Asian Development Bank (ADB),
Bangladesh has emerged as the fastest growing economy among the 45 countries of
the Asia-Pacific region.
- In the financial year 2018-19 Bangladesh
attained growth rate of 7.9 % which is its fastest rate since 1974.
- The key factors of the high growth performance of
Bangladesh are: a) higher public sector investment, b) stronger consumption
demand, c) revival in exports, d) improved power supply and e) higher growth in
private sector credit.
- The Asian Development Bank (ADB) is a regional
development bank established on 19 December 1966.ADB is headquartered in
Manila, Philippines. It aims to promote social and economic development in
Asia.
- ADB has 67 members, of which 48 are from within
Asia and the Pacific and 19 outside. Japan and US holds the largest proportion
of shares in ADB followed by China, India and Australia. ADB is also an
official United Nations Observer
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