With over 160 million people, a young and cheap labor force and a strategic location between India and China – two of largest engines of global economic growth over the past decade – Bangladesh maintains strong prospects for extended economic growth. The extent of Bangladesh’s growth will largely depend on its leaders’ ability to improve economic and diplomatic ties among its neighbors. Completion of a highly anticipated Indo-Bangladeshi free-trade agreement will help spur Bangladesh’s already surging garment, pharmaceutical, and software industries. Bangladesh has also begun to construct large infrastructure projects, such as electrical power plants, to address domestic and regional energy needs. In addition, with 50% of its workforce in the service sector, Bangladesh has the

The country received $256.78 million in remittance during the first six days of the current month of February. Bangladesh Bank statistics show the four state-owned commercial banks—Agrani, Janata, Rupali and Sonali—received $92.65 million from the expatriate Bangladeshis while four state-owned specialized banks received $4.32 million. The maximum remittance came through the private commercial banks who received $164.69 million while the 9 foreign banks received only $4.33 million. Among the private commercial banks, Islami B...