UNB, Dhaka :
The National Economic Council (NEC) is set to approve the 7th Five Year Plan (FY2016-FY2020) of Bangladesh on Tuesday, aiming to accelerate employment generation and reduce poverty through maintaining a growth rate of 7.4 percent on average over the next five years.
NEC Chairperson and Prime Minister Sheikh Hasina will preside over the meeting to be held at the NEC conference room. The General Economics Division (GED) of the Planning Commission has drafted the 7th FYP to raise the country’s economic growth to 8.0 percent in the terminal year (FY 2019-2020) of its implementation period.
According to the summary of the draft 7th FYP, Bangladesh will require an investment of Tk 31,903 billion to implement it in a bid to boost its economic growth to 8.0 percent in its terminal year (FY) of 2020.
GED officials told UNB that some Tk 28,851 billion or 90.4 percent of the total required investment is projected to come from domestic resources while Tk 3,052 billion or 9.6 percent from external sources.
The National Economic Council (NEC) is set to approve the 7th Five Year Plan (FY2016-FY2020) of Bangladesh on Tuesday, aiming to accelerate employment generation and reduce poverty through maintaining a growth rate of 7.4 percent on average over the next five years.
NEC Chairperson and Prime Minister Sheikh Hasina will preside over the meeting to be held at the NEC conference room. The General Economics Division (GED) of the Planning Commission has drafted the 7th FYP to raise the country’s economic growth to 8.0 percent in the terminal year (FY 2019-2020) of its implementation period.
According to the summary of the draft 7th FYP, Bangladesh will require an investment of Tk 31,903 billion to implement it in a bid to boost its economic growth to 8.0 percent in its terminal year (FY) of 2020.
GED officials told UNB that some Tk 28,851 billion or 90.4 percent of the total required investment is projected to come from domestic resources while Tk 3,052 billion or 9.6 percent from external sources.
