The Asian Development Bank has projected 8% economic growth for Bangladesh in the current fiscal year FY 2019-20.
"Bangladesh has experienced strong GDP growth in FY2018-19," the 2019 outlook, published on Wednesday morning at its Dhaka office, said. "The country will continue to achieve GDP growth in FY19-20, at 8%, which will stay robust during FY20-21."
Both strong private consumption and public investment will continue to contribute to growth.
The Manila-based lender has also labeled Bangladesh's economic growth as the "fastest in the Asia Pacific region".
Net exports will also contribute positively to the growth in GDP, as exports have been expanding faster than imports, the outlook said.
Inflation has remained under control, but the banking sector has been facing challenges with higher NPL ratios due to weak governance, the 2019 Asian Development Bank outlook mentions.