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Home / Discovery / World Bank: Bangladesh's Debt Levels Not a Concern

World Bank: Bangladesh's Debt Levels Not a Concern

2024-09-01  Tanvir Hasan

The World Bank has stated that it is not worried about Bangladesh's current debt levels and debt payments. Instead, the organization is focused on increasing investments to create more employment opportunities in the country.

In a recent meeting with Finance and Planning Adviser Dr. Salehuddin Ahmed, World Bank Country Director Abdoulaye Seck expressed the bank’s commitment to supporting the interim government in all matters and standing by Bangladesh during this period.

When asked about the World Bank's stance on investing in Bangladesh after the recent change in government, Abdoulaye Seck responded, "We are aware of Bangladesh's commitments. As a result, we have also discussed how we will support economic reforms in Bangladesh, as the country needs some complex reforms. Financial sector reforms are needed here, and trade reforms are needed—we are interested in investing in these areas."

He emphasized the World Bank's interest in creating a robust job market in Bangladesh, particularly within the private sector. "The youth here are a great asset," he noted, underscoring the importance of harnessing this demographic to spur economic growth.

Seck also highlighted climate change as a significant risk for Bangladesh, indicating that interim investments are required to address climate-related challenges. "We are working to build a long-term relationship between Bangladesh and the World Bank," he added, reaffirming the organization's commitment to supporting the country's sustainable development.

The World Bank’s position reflects its confidence in Bangladesh's economic potential and its readiness to engage in deeper collaboration to help drive the necessary reforms and growth initiatives.


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