Bangladesh: A Region of Untapped Potential
The agricultural sector of Bangladesh
The country has a nearly unmatched growth rate with GDP expected to rise to 7 per cent in 2020, the GDP per capita is on track to surpass India by 2030. Poverty has rapidly reduced from over 40 per cent in 1991 to around 14 per cent in 2017, according to the World Bank. The largest least developed country (LDC) in the world in terms of both population and economic size. Bangladesh wants to graduate from the UN’s LDC category in 2024.
The country has been appointed by The Economist as the new Asian Tiger. And the investor appetite confirms this. in 2019, it received its highest ever level of foreign direct investment (FDI) at $3.61 billion, according to the United Nations Conference on Trade and Development. This sharp rise illustrates the untapped potential within the domestic market.
Bangladesh is following similar development reforms to those experienced by India in recent years and at Farmstock we believe it could emerge as one of the strongest economies in the region. We are excited by the country’s potential and the benefits this can bring to its people. The majority of our portfolio is in agriculture, where our investments span a number of different crops including fruit, vegetables and livestock.