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World Bank Reaffirms Support for BD’s Sustainable Growth and Resilience

Economic Tag: Foreign Aid

World Bank Vice President for South Asia, Martin Raiser, expressed the World Bank’s continued commitment to assisting Bangladesh in achieving sustainable and inclusive growth. Raiser stated that WB is ready to redouble their support under their new country strategy and accelerated implementation of their large existing portfolio During his visit, discussions focused on the country’s economic management, structural reforms to attract private investment, and enhancing resilience against climate change impacts. Raiser emphasized the importance of accelerating the implementation of World Bank-supported projects. Additionally, a $191 million financing agreement was signed to strengthen the higher education sector and address the challenges posed by the Covid-19 pandemic, with a focus on promoting gender equality in tertiary education. Bangladesh’s Economic Relations Division and the World Bank officials were present for the signing ceremony.

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