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Bangladesh government restores 40 per cent RMG orders


The government in Bangladesh has managed to restore 40 per cent RMG orders cancelled by foreign buyers amid the coronavirus pandemic. This was possible because prime minister talked to the heads of the states urging them to make sure the supply chain of RMG products was not affected, informed AK Abdul Momen, Foreign Minister while inaugurating an art exhibition, "Art Against Corona", at the Bangladesh Shilpakala Academy.

Momen said, Bangladesh RMGF sector was performing better than other times, with Bangladesh exporting more than $3 billion worth of RMG products each month at the moment. Bangladesh’s GDP was also growing at the highest rate in Asia. Currently, the GDP is growing at 5.2 per cent, although the World Bank and IMF projected it to be between 1.38 to 3.38 per cent this year.