Bangladesh approves 24 bln USD development program for next fiscal year


DHAKA, May 21 (Xinhua) — Bangladesh Tuesday approved a 2.03 trillion taka (24 billion U.S. dollars) annual development program (ADP) in the next fiscal year 2019-20, beginning in July, with transport, power, physical infrastructure and education sectors getting the biggest chunk of money.

Bangladesh’s new ADP was approved at a meeting of the country’s National Economic Council with Prime Minister Sheikh Hasina in the chair on Tuesday.

Out of the total amount, around 35 percent of the fund will be mobilized from external resources and the rest from internal resources, Planning Minister MA Mannan told journalists after the meeting.

The ADP fund allocation for the upcoming year is 21.39 percent more than the revised one of the outgoing 2018-19 fiscal year (July 2018-June 2019), which was at 1.73 trillion taka (20.4 billion U.S. dollars), he said.

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