Martin Raiser, the World Bank’s vice president for South Asia, wrapped up his trip to Bangladesh today by restating the organization’s backing for economic reforms that are essential to the inclusive and sustainable growth and development of the nation.
Raiser met with Professor Dr. Muhammad Yunus, the Chief Adviser of the Interim Government, during the visit. He reaffirmed the World Bank’s commitment to the Bangladeshi people and promised ongoing assistance in laying the groundwork for improved public services, job creation, economic stability, and climate resilience.
He updated the Chief Adviser on the ongoing and planned World Bank support in Bangladesh. He also emphasized the importance of using this political transition period to advance improvements in governance and transparency that could lay the foundations for a fairer Bangladesh, said a press release.
“The World Bank is supporting the government on a range of reforms to increase transparency and accountability, in bank resolution and asset recovery, in tax policy and revenue collection, in procurement and auditing and in strengthening the quality and independence of national statistics. These reforms will help create a level playing field and boost business and people’s confidence over the medium-term,” said Raiser.
In order to alleviate the strain on the energy sector, build a contemporary and precisely targeted social assistance system, alleviate the increasing air pollution in Dhaka, and aid in the recovery from the September 2024 floods, new World Bank lending is being prepared.
Raiser also met with the governor of Bangladesh Bank, the chairman of the NBR, the finance adviser, the energy adviser, and leaders from the commercial and civil society sectors to talk about the government’s development priorities and urgent issues.
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