Bangladesh Country Profile
Bangladesh is a parliamentary republic with an elected parliament called the Jatiyo Sangshad. With a population of more than 160 million people in a territory of 56,977 sq mi, Bangladesh is the world's eighth most populous country, as well as one of the world's most densely populated countries. The Bengalis form the country's predominant ethnic group, whereas the indigenous peoples in northern and southeastern districts form a significant and diverse ethnic minority. The Bengal delta region has a rich and diverse cultural heritage. The four largest religions in the country are Islam (89%), Hinduism (9%), Buddhism (1%) and Christianity (0.5%).
Bangladesh is a developing nation. However, the poverty rate has declined by 25% since 1990, and per-capita GDP has doubled from 1975 levels. Dhaka and Chittagong, the country's two largest cities, as well as other urban centers, have been the driving force behind much of the recent growth. Bangladesh gradually decreased its dependency on foreign grants and loans from 85% (In 1988) to 2% (In 2010) for its annual development budget. Its per capita income as of 2013 is US$1,044 compared to the world average of $8,985. In December 2005, the Central Bank of Bangladesh projected GDP growth around 6.5%.[
Bangladesh is a unitary state and parliamentary democracy. Direct elections are held every five years for the unicameral parliament known as the Jatiyo Sangshad. Currently it has 350 members (including 50 reserved seats for women) elected from single-member constituencies. The Prime Minister, as the head of government, forms the cabinet and runs the day-to-day affairs of state. The Prime Minister is currently the Minister in Charge of the following Ministries which relate to Premier Mining Limited’s operations:
- Ministry of Power, Energy and Mineral Resources
- Ministry of Environment
- Board of Investment