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Government aims to build a trillion-dollar economy by 2034: Finance Minister

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Government aims to build a trillion-dollar economy by 2034: Finance Minister
Finance and Planning Minister Amir Khosru Mahmud Chowdhury said the government has set an ambitious target to transform Bangladesh into a one trillion (one lakh crore) dollar economy by 2034.

He said this while speaking as chief guest at the opening session of the two-day ‘International Data Conference Bangladesh 2026’ in Cox's Bazar on Sunday.

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The finance minister said that the growing liability of debt repayment, weak revenue collection and limited fiscal capacity are among the biggest challenges of the country's economy at present. In this situation, it must be ensured that every loan taken by the government makes an effective contribution to economic growth, increased productivity and public welfare.

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He said, ‘Our goal should be that every taka borrowed makes a meaningful contribution to economic growth, productivity and public welfare. Our ambition is not only to enter the international capital market, but to utilize financing opportunities there in a responsible and sustainable manner.’

Amir Khosru said the government is also considering using innovative financing methods alongside conventional financing, including sovereign sukuk, green and blue bonds, and blended finance. He said that the success of a country's sovereign borrowing does not depend on how much money has been borrowed; rather, the real criterion is how effectively that money contributes to economic growth, public welfare and long-term prosperity.

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