** Influentials hamper reform process : Economists ** BNP announces march prog on February 11 ** Probe alleged enforced disappearances ** Stolen device worth Tk 47 lakh recovered ** Spy balloon row: High-altitude spying marks new low for US-China ties ** 642 killed in road accidents in January: JKS ** Buriganga River, the lifeline of Dhaka city, suffers from a terrible pollution problem. Every day chemical and household waste, sewage, medical waste, and mountains of plastic continue to pollute Buriganga. Besides, hundreds of plastic recycling factories have been built on both sides of the river. This photo taken on Saturday shows, recycled plastic is being dried in the sun along the banks of the river. Agency photo ** Prisoner dies after being sent to Pabna jail ** FBI searches Biden’s vacation home ** Messi acknowledges Bangladesh's love ** Infection found in 28 districts ** 2 US officials to visit Dhaka this month ** Book Fair sees huge crowd on weekend ** Adani’s $108b crisis shakes investors’ faith in India ** BNP's divisional rallies today ** Shell reports highest profits in 115 years ** Dhaka, Colombo seek greater cooperation through promoting shipping, air connectivity ** People’s sufferings do not move this government ** BERC jacks up LPG price by Tk 266 per 12kg cylinder ** Many motorcyclists chose to ride on the footpaths of Shaheed Tajuddin Ahmed Sarani amid severe traffic congestion in the capital on Thursday, disrupting movement of pedestrians. Agency photo ** A mushroom cultivator plants mushrooms in polythene bags stuffed with sawdust, wheat husk and jute sticks inside a shade made of cogon grass, bamboo in Natore's Jugipara area on Thursday. NN photo ** Export earnings rise by 5.89pc in Jan ** ‘DCs, UNOs run country’ ** Missing B’baria by-polls candidate Asif returns home ** HAAB announces Tk 6.72 lakh private hajj package **

WB to support Bangladesh to achieve upper-middle income status by 2031

25 January 2023

Staff Reporter :
World Bank's Managing Director for Operations Axel van Trotsenburg on Tuesday concluded a three-day visit to Bangladesh, reaffirming the WB's strong support for Bangladesh to help achieve its vision of upper-middle income status by 2031. He marked the commemoration of the 50 years of partnership between the World Bank and Bangladesh.
"Bangladesh's development and growth trajectory is an inspiration for many countries. It has tackled many development challenges in remarkable ways. It has reduced poverty in record time and has played a leading and innovative role in disaster risk management and adaptation to climate change," said van Trotsenburg.
"The World Bank has been a steadfast partner for the past five decades and remains committed to help Bangladesh achieve green and inclusive economic growth and development," he said. Earlier on Monday, van Trotsenburg met the Prime Minister Sheikh Hasina and commended Bangladesh's role in climate change adaptation and disaster preparedness, and the Prime Minister's strong leadership as the chair of the Climate Vulnerable Forum during 2020-2022.  "Despite being severely affected by climate change, Bangladesh has emerged as a global leader in climate resilience and disaster preparedness by taking a bold and innovative approach reducing cyclone-related deaths more than 100-fold since 1971," van Trotsenburg added.
The World Bank helped Bangladesh build and rehabilitate more than 700 km of coastal embankments, 1,000 cyclone shelters that also operate as schools, and 550 km of paved roads that improve access for surrounding villages. Today, van Trotsenburg visited a World Bank-financed cyclone shelter that serves as a primary school during normal weather and met with the local communities.
He visited the Kutupalong Rohingya camps in Cox's Bazar and thanked Bangladesh for its generosity to provide shelter to about 1.1 million displaced Rohingya people.
The World Bank has leveraged $590 million in grant financing to help Bangladesh meet to the basic needs of the Rohingya people and the host communities.
During the visit, he also met with the Finance Minister, senior government officials, and development partners and discussed Bangladesh's development priorities. He was accompanied by World Bank Vice President for the South Asia Region, Martin Raiser.
"The World Bank is helping Bangladesh navigate through challenges of global shocks, including the impacts of the pandemic and the Russian invasion of Ukraine, and address barriers to higher growth," van Trotsenburg said.

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