Reforms key to economic resilience in Bangladesh
Staff Reporter :
World Bank (WB) Vice President for South Asia, Johannes Zutt, has emphasised that bold and urgent reforms could significantly accelerate inclusive growth in Bangladesh and create substantial employment opportunities.
Zutt made the remarks at the conclusion of his first official visit to the country on Wednesday, reaffirming the World Bank’s strong commitment to supporting Bangladesh in addressing its development priorities and improving living standards.
During his visit, he met with Professor Muhammad Yunus, Chief Adviser of the Interim Government, and commended the administration for initiating critical reforms aimed at strengthening economic resilience and promoting transparency and accountability across public institutions.
In meetings with the Chief Adviser, Zutt outlined the World Bank’s ongoing and planned support for Bangladesh. He noted that in response to the country’s urgent needs, the Bank committed over $3 billion in the last fiscal year alone.
This funding focused on enhancing essential services, including healthcare, water and sanitation, and social protection. Additional investments were directed toward infrastructure, environmental sustainability, and reforms in the financial and public sectors. “I’m delighted to return to Bangladesh, where the people-especially the youth-continue to aspire for a brighter future,” said Zutt. “Our longstanding partnership with Bangladesh has helped lift millions out of poverty. We remain committed to supporting the country in building economic and climate resilience, attracting private sector investment, and expanding access to meaningful employment.”
Throughout his visit, Zutt also held discussions with the Finance Adviser, the Planning Adviser, the Governor of Bangladesh Bank, the Special Envoy for International Affairs, senior government officials, and private sector leaders to exchange perspectives on the country’s current economic challenges and opportunities.
The World Bank reiterated its commitment to helping Bangladesh maintain a path of strong and inclusive growth.
As one of Bangladesh’s earliest development partners following independence, the World Bank has so far provided more than $46 billion through its International Development Association (IDA), comprising grants, interest-free loans, and concessional financing in support of the nation’s long-term development objectives.