The World Bank is supporting Bangladesh's various economic reforms. Supporting the current governance system, the organization says that improving governance and transparency is essential at this time of political transformation. Through this, it can lay the foundation for a just Bangladesh.
World Bank Vice President for South Asia Martin Reiser concluded his visit to Bangladesh on Thursday. He said this in a press release after the visit. He reiterated the World Bank's support for the country's important economic reforms for inclusive and sustainable growth and development.
Riser met with Professor Muhammad Yunus, the chief advisor to the interim government, during which he offered continued support to build the foundation for economic stability, job creation, climate resilience, and improved public services.
Martin Riser briefed the Principal Advisor on the World Bank's ongoing and planned assistance to Bangladesh, emphasizing the need to improve governance and transparency during Bangladesh's political transition to establish a just foundation.
“The World Bank is supporting the government in a range of reforms to increase transparency and accountability: bank resolution and asset recovery, tax policy and revenue collection, procurement and auditing, and strengthening the quality and independence of national statistics,” said Riser.
"These reforms will help create equal opportunities in the medium term and increase business and public confidence," he said.
The new World Bank loan is being prepared to help recover from the September 2024 floods, reduce pressure on the energy sector, create a modern and specific social support system, and help tackle rising air pollution in Dhaka, the agency said.
During the visit, Riser discussed the government's key challenges and development priorities with the Finance Advisor, Energy Advisor, Bangladesh Bank Governor, NBR Chairman, and representatives from civil society and the private sector.
