WB pledges enhanced support for faster economic growth

World Bank (WB) Senior Vice President, Operations, Kyle Peters pledged enhanced support for Bangladesh’s efforts to reform its economy as he today (Thursday) concluded his two-day visit to Dhaka, saying these efforts would propel economic growth.

 

“The World Bank Group is committed to work together with the government to help the country grow faster and bring prosperity to all citizens”, the high WB official said.

 

During the visit, Peters praised Bangladesh’s development progress, particularly in poverty reduction and maintaining steady economic growth. But, he pointed out that the country would need sustained reform efforts for further advancement.

 

The WB official met with the finance minister AMA Muhith, international relation affairs adviser to the Prime Minister Dr Gowher Rizvi, Bangladesh Bank Dr Atiur Rahman, senior government officials and civil society and private sector leaders and development partners, BSS reports.

 

At the meetings, he discussed the preparation of the World Bank’s Country Partnership Framework for Bangladesh and sought feedback on how the World Bank’s support can be best aligned with the country’s priorities. The framework will guide the World Bank’s engagement in Bangladesh in the 2016-20 financial years and will be aligned with the government’s 7th five-year plan.

 

Peters stressed that Bangladesh needs to take full advantage of the large number of young people entering its workforce each year. “Around 2 million youths are entering the job market every year in Bangladesh. The World Bank will continue to help create more and better jobs through improving the quality of education and vocational training, addressing infrastructure bottlenecks, improving the business and investment climate, and deepening reform.”

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