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Private Industry and Investment Adviser to PM meets World Bank’s Managing Director

Private Industry and Investment Adviser to PM meets World Bank’s Managing Director
  • Diplomatic Correspondent
  • 30th July, 2021 01:51:18 PM
  • Print news

Private Industry and Investment Adviser to the Prime Minister, Salman Fazlur Rahman met with the World Bank’s Managing Director (Operation), Axel van Trotsenburg, and other high-ranking officials of the global lending body at its headquarter in Washington DC, USA.

The Adviser led the Bangladesh delegation, which comprised Abdur Rouf Talukder, Senior Secretary, Finance Division, Ministry of Finance; Executive Chairman, Bangladesh Investment Development Authority (BIDA); Secretary, Ministry of Commerce; Secretary, Economic Relations Division, Ministry of Finance; and Chairman, Securities and Exchange Commission.

In addition to Trotsenburg, the World Bank Group was also represented by John F. Gandolfo, Vice President, South Asia Region, International Finance Corporation (IFC); Illango Patchamuthu, Acting South Asia Vice President, World Bank; Zoubida Allaoua, Regional Director, World Bank; Wendy Werner, Country Director Bangladesh, IFC; and Mohammad Shafiul Alam, Bangladesh’s Alternate Executive Director to World Bank.

In the meeting held on Wednesday (July 28) with the World Bank’s MD, Axel van Trotsenburg, Adviser Rahman highlighted Bangladesh’s unprecedented economic development under the leadership of Prime Minister, Sheikh Hasina reiterating that Bangladesh’s economy was on a solid footing.

In particular, he noted, Bangladesh’s economic performance and the GDP growth of 5.24% despite the global pandemic induced by the Covid-19 was duly acknowledged across the board, which underscored Bangladesh’s macro-economic capability and resilience.

Adviser Rahman recalled the continued financial assistance provided by the World Bank to Bangladesh and thanked the global lending body for its contribution. He also highlighted the need to reduce procedural delay—through bilateral discussions and close engagement—in the disbursement of the loans sanctioned by the World Bank for Bangladesh to purchase Covid-19 vaccines on an emergency basis.

Trotsenburg acknowledged Bangladesh’s remarkable economic development and growth and reassured that the World Bank’s assistance in Bangladesh’s economic prosperity would continue unabated.

In a separate meeting, the Bangladesh delegation led by Adviser Rahman met with IFC’s South Asia Vice President and the World Bank’s acting South Asia Vice President.

Both sides agreed to accelerate cooperation in crucial areas, including Bangladesh’s reform efforts regarding ease of doing business, BIDA’s institutional capacity enhancement, and skills and human resources development.​​​​