Janata Bank Essay
Bangladesh is important to world energy markets because of its large potential natural gas reserves. Bangladesh's location near India, plus southeast Asia, also makes it a potentially important regional energy trading hub.
Note: information contained in this report is the best available as of February 2002 and can change.
Bangladesh has received more than $30 billion in disbursed grant aid and loans from foreign donors (including the World Bank, the Asian Development Bank, the U.N. Development Program, the United States, Japan, Saudi Arabia, and Western Europe) since its independence in 1971, but remains one of the poorest and most densely populated countries in the world. Bangladesh historically has …show more content…
A new government under the leadership of Prime Minister Khaleda Zia took office in October 2001 after her Bangladesh National Party (BNP) won the majority of seats in parliament in a national election.
Bangladesh is attempting to attract foreign investment, and has established export processing zones (EPZs) in Chittagong (the country's major port) and Dhaka (the capital), with plans for more such zones. Most investment is coming in the natural gas, electricity, and physical infrastructure areas.
Bangladesh's real GDP grew at an estimated 5.9% rate in 2001, roughly unchanged from the 6.0% growth experienced in 2000. Growth is projected to slow to 5.6% in 2002, due to a fall in demand for textile exports, the effects of a series of strikes, an outgrowth of the rivalry between the country's two main political parties.
Bangladesh (along with Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka) is a member of the South Asian Association for Regional Cooperation (SAARC), created in 1985 to help promote regional economic cooperation, plus economic and social development in general in the South Asian region.
Bangladesh has small reserves of oil and coal, but potentially very large natural gas resources. Commercial energy consumption is around 71% natural gas, with the remainder almost entirely oil (plus limited amounts of