Bangladesh Bank Training Academy Journal

Abstract

This paper explains the guiding principles of the Seventh five year plan. In particular, the vision to achieve middle income status of the country by 2021. It underscores that this will remain a core development objective. The macro-economy is facing different socioeconomic challenges from overheating of the economy and adverse developments in the stock market. But the corrective policy actions suggested in the plan will minimize the damages and restore macroeconomic stability. The paper observed that while the above record of progress is comforting, the government needs to understand that the reform agenda is unfinished. The GDP growth rate is healthy but below the targeted rate in the Sixth Plan. Progress in improving the investment rate is less than satisfactory and must be strengthened to accelerate the growth rate in order to achieve the middle income status envisioned in Vision 2021 and the nation’s first Perspective Plan.