Bangladesh a global model for poverty reduction: WB
BSS, Dhaka
The World Bank (WB) has reiterated its commitment to help Bangladesh sustain high economic growth, as the banks Vice President for South Asia, Hartwig Schafer concluded a three-day visit to the country.
Schafer said Bangladesh has proved that with commitment and determination of the government and the people, a country can come out of poverty and emerge as a low middle-income country within only a span of four decades, according to a
WB press release issued yesterday.
To accelerate growth and reach the next level of development, the country will need to create more and better jobs for its youth. A robust private sector, conducive business climate, skilled labor force, efficient infrastructure along with the right policies and quick actions will be critical, he added.
He met with Prime Minister Sheikh Hasina and commended Bangladeshs remarkable progress in economic development and poverty reduction.
They discussed the countrys development priorities, and how the World
Bank can support them to sustain the impressive results they have achieved in the past few decades, the release said.
Schafer said the World Bank is committed to join Bangladesh on its journey to upper middle-income status, in close cooperation with the government, stakeholders, and development partners, and for the benefit of all people.
