Fibre2Fashion: Bangladesh can attain 8 per cent gross domestic product (GDP) growth by implementing the United Nation’s sustainable development goals (SDG) and the government has framed the 7th Five Year Plan aim to achieve that target, commerce minister Tofail Ahmed said recently while addressing a meeting on the role of private sector to achieve SDGs.
The meeting was jointly organised by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the SDG wing of the Prime Minister’s Office, according to a Bangladesh newspaper report.
With the successful attainment of the SDGs, the country’s poverty level will come down to 3 per cent, he said.
The 7th Five Year Plan emphasises diversification of both market as well as products for export with an aim to significantly increase foreign exchange earnings, he added.
According to the SDG financing strategy, prepared by general economic division of the ministry of planning, the country would require $928 billion additional funds from 2017-2030 to fully implement the SDGs, and the annual average cost would be $66.2 billion.
Of the total resources, around 56.86 per cent will be collected from domestic sources, 9.46 per cent will come from external sources and 6.9 per cent will be supplied from foreign direct investment.