Bold, urgent reforms can accelerate inclusive growth, create jobs: World Bank
During his visit, Zutt also met with the finance adviser, the planning adviser, the Bangladesh Bank governor, the special envoy for international affairs, as well as other senior government officials and representatives from the private sector to discuss emerging challenges and opportunities
World Bank Vice President for South Asia Johannes Zutt concluded his first official visit to Bangladesh today (16 July), reaffirming the global lender's continued commitment to assist the country in addressing its development priorities and supporting the people of Bangladesh.
Zutt met with Chief Adviser Muhammad Yunus and commended the interim government for undertaking critical reforms needed to create the foundations for economic resilience and enhance transparency and accountability in public institutions, reports BSS.
He also updated the chief adviser on ongoing and planned World Bank support in Bangladesh. In response to the country's urgent needs, the World Bank committed over $3 billion last fiscal year to help improve essential services, including health, water and sanitation, and social protection; to increase investment in infrastructure and environmental sustainability; and to support financial and public sector reforms.
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"I am delighted to return to Bangladesh, where the people, and notably the youth, are determined to have a better future," said Zutt.
"Our longstanding partnership with Bangladesh has helped lift millions of people out of poverty, and we will continue to help the country build economic and climate resilience, mobilise private investment, and create opportunities for meaningful work," he added.
During his visit, Zutt also met with the finance adviser, the planning adviser, the Bangladesh Bank governor, the special envoy for international affairs, as well as other senior government officials and representatives from the private sector.
The World Bank was among the first development partners to support Bangladesh following its independence. Since then, the World Bank has committed more than $46 billion in International Development Association (IDA) financing in the form of grants, interest-free loans, and concessional credits to help the country address its development priorities.
