“This Country Partnership Framework builds on five decades of strong partnership between the World Bank Group and Bangladesh,” said Abdoulaye Sek, World Bank Country Director for Bangladesh and Bhutan.
“As Bangladesh aims to become more prosperous, it will need stronger institutions and policies to meet the needs of the upper-middle-income country. This CPF will build on government reforms to deliver jobs and support inclusion and resilience. programs,” said Sec.
To prepare the CPF, the World Bank Group conducted extensive nationwide and online consultations with key stakeholder groups, including government, the private sector, civil society, think tanks, academia, the media, and other development partners.
“Bangladesh has an ambitious goal – to achieve upper middle income status within a short period and that too in the face of the daunting challenges of climate change,” said Junaid Kamal Ahmed, MIGA Vice President of Operations.
“Achieving this goal will require access to private capital and global financial markets,” he said.
“Bangladesh has been one of the outstanding development growth stories of the world. Additional reforms to foster the growth of a more diverse and competitive private sector will increase exports and create quality jobs,” said Martin Holtmann, IFC country manager for Bangladesh, Nepal and Bhutan.
“Financing for green investments will become increasingly important in helping to address and mitigate climate risks,” Holtmann said.