Microenterprise sector backbone of Bangladesh economy: WB Country Director | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
June 15, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, JUNE 15, 2025
Microenterprise sector backbone of Bangladesh economy: WB Country Director

Corporates

TBS Report
05 April, 2022, 04:50 pm
Last modified: 05 April, 2022, 05:16 pm

Related News

  • World Bank approves $250m to bolster public sector performance in Bangladesh
  • World Bank approves $250m to bolster public sector performance in Bangladesh
  • Bangladesh's growth forecast unchanged: WB report
  • World Bank slashes global growth forecast as trade tensions bite
  • Climate disasters erode up to 2% of Bangladesh's GDP

Microenterprise sector backbone of Bangladesh economy: WB Country Director

TBS Report
05 April, 2022, 04:50 pm
Last modified: 05 April, 2022, 05:16 pm
Microenterprise sector backbone of Bangladesh economy: WB Country Director

World Bank Country Director Mercy Miyang Tembon, has said the Microenterprise sector is the backbone of the economy of Bangladesh and The World Bank is ready to extend its support to make it "green" and more resilient. 

She was speaking at the closing session of the 5-day knowledge-sharing workshop jointly arranged by the World Bank and PKSF jointly organised this workshop from 28 March under the World Bank-financed Sustainable Enterprise Project (SEP), reads a press release. 

SEP helps about 40,000 microenterprises adopt environmentally sustainable practices and occupational health and safety measures in the manufacturing and agribusiness sectors. The project provides loans to microenterprises to adopt innovative, environmentally sustainable technologies and practices. The project facilitated the use of resource‐efficient technologies and set up one-stop shared service facilities for micro-enterprises. It also promotes basic safety standards and aims to certify eco-labelled products.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Tembon also said that the microenterprises of the Sustainable Enterprise Project can take the advantage of certifications, digital financing, and other technologies that are being transferred to them.

"Digitalisation can help organise and innovate various kinds of networks to facilitate access to bigger markets, and those looking for a cleaner, greener supply chain," she added.

To share cutting-edge knowledge, discuss innovative data management and digitalisation, explore financing instruments, and alternatives to enhance policy consistency to better implement environmentally sustainable practices, the virtual knowledge-sharing workshop titled 'Adoption of Environmentally Sustainable Practices and Environmental Certifications by MEs' was kicked off on March 28, 2022. 

PKSF Managing Director Dr Nomita Halder inaugurated the event followed by the opening remarks by PKSF Additional Managing Director Md Fazlul Kader, and World Bank Senior Environment Specialist Eun Joo Allison Yi. 

In her speech, Dr Halder said that environmental concerns had previously been the 'missing piece' in the prevalent development interventions until they were incorporated into the SEP.

"Growth is essential for eradicating poverty and it is time we realized the importance of ensuring environmental conservation and business growth at the same time," she commented.

Mentioning that Bangladesh is the most densely populated country not only in terms of human population but also in terms of livestock, Md Fazlul Kader explained the context and significance of SEP.

"The low-level technology trap is a key obstacle to the sustainable development of microenterprises (MEs)", he said, adding that SEP was working to create an environment conducive to the micro-entrepreneurs and it was applying the Nudge theory to inspire them to adopt environmentally sustainable practices in their ventures.

Researchers, experts, and professionals from different countries around the globe spoke on policies of different countries, big data management, digital financing, innovations, and green financing in different sessions of the workshop. Many ideas and working innovations have also been showcased in the workshop. 

More than 150 participants from different parts of the world took part in the workshop including officials from The World Bank, PKSF, and its partner NGOs. 

PKSF has been working with a view to alleviating poverty sustainably through employment generation since its establishment in 1990. Considering the multidimensional nature of poverty and the changing need of low-income people, PKSF provides capacity building support, technology transfer, value chain development, and other technical services in addition to inclusive financing to help them to get out of the low productivity trap.

Maintaining both growth and environmental sustainability is a unique idea for the microenterprise sector. PKSF is the pioneer to incorporate this idea and is firmly working to achieve this double bottom line through the SEP since 2018.

Palli Karma Sahayak Foundation (PKSF) / World Bank

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infographic: TBS
    Chattogram Port proposes 70%-100% tariff hike
  • Benjamin Netanyahu in a video-message on 14 June. Photo: Collected
    Israel says attacks on Iran are nothing compared with what is coming
  • Police stand at a crime scene as they searched for a suspect posing as a police officer who shot two Democratic state lawmakers and their spouses in their homes, in the Minneapolis suburb of Champlin, Minnesota, U.S. June 14, 2025 in a still image from video. ABC Affiliate KTSP via REUTERS
    Manhunt underway after Minnesota lawmaker, her husband killed in 'politically motivated' attack

MOST VIEWED

  • Energy adviser Fouzul Kabir Khan with other government officials during a visit to Sylhet gas field on 13 June 2025. Photo: TBS
    I would disconnect gas supply to every home in Dhaka if I could: Energy adviser
  • Infographic: TBS
    Govt plans incentives for Bangladeshis bringing in foreign investment
  • Tour operator Borsha Islam. Photo: Collected
    ‘Tour Expert’ admin Borsha Islam arrested over Bandarban tourist deaths
  • BNP Acting Chairperson Tarique Rahman and Chief Adviser  Muhammad Yunus meet at Dorchester Hotel in London, UK on 13 June 2025. Photo: CA Press Wing
    National polls possible in 2nd week of February, agree Yunus, Tarique in 'historic' London meeting
  • Infographics: TBS
    220MW solar power plant planned in Feni
  • Rescuers work at the scene of a damaged building in the aftermath of Israeli strikes, in Tehran, Iran, June 13, 2025. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
    Tehran retaliates with 100 drones after Israel strikes Iran's nuclear facilities, kills military leaders

Related News

  • World Bank approves $250m to bolster public sector performance in Bangladesh
  • World Bank approves $250m to bolster public sector performance in Bangladesh
  • Bangladesh's growth forecast unchanged: WB report
  • World Bank slashes global growth forecast as trade tensions bite
  • Climate disasters erode up to 2% of Bangladesh's GDP

Features

Photos: Collected

Kurtis that make a great office wear

1d | Mode
Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

3d | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

4d | Features
File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

5d | Features

More Videos from TBS

Which major powers align with whom in the Israel-Iran conflict?

Which major powers align with whom in the Israel-Iran conflict?

3h | Podcast
Israeli attack: Will Iran be inclined to develop nuclear weapons?

Israeli attack: Will Iran be inclined to develop nuclear weapons?

4h | Others
Why Did Israel Use Hellfire Missiles in the Iran Attack?

Why Did Israel Use Hellfire Missiles in the Iran Attack?

5h | Others
Beach Sand Tragedy: Negligence or Natural Disaster?

Beach Sand Tragedy: Negligence or Natural Disaster?

6h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net