Anna Bjerde, World Bank Managing Director for Operations, concluded her inaugural visit to Bangladesh, reaffirming the bank’s robust commitment to assisting the country in achieving its goal of attaining upper-middle-income status by 2031. Emphasizing the urgent need for profound macroeconomic and financial sector reforms to sustain inclusive growth, Bjerde conveyed this message during meetings with Bangladesh’s leadership.
In a press release, the World Bank highlighted the significance of Bangladesh’s economic growth and development, considering it an inspiration for many countries. Bjerde urged swift and bold reforms in monetary and fiscal policies to ensure macroeconomic stability, mitigate financial sector risks, and sustain inclusive growth amid global uncertainties.
During her visit, Bjerde met with Prime Minister Sheikh Hasina, commending the country’s development achievements. She expressed gratitude to the prime minister for providing shelter to displaced Rohingya people and pledged ongoing support for addressing their needs until their safe and voluntary return, along with those of the host community.
Discussions between the World Bank and the Bangladesh government include a financing program exceeding $650 million for two new projects addressing the needs of both displaced Rohingya and host communities in the Chattogram division. Nearly half of the financing is allocated for displaced Rohingya people, entirely on grant terms.
Bjerde emphasized the pride in the longstanding partnership with Bangladesh, contributing to lifting millions out of poverty. The commitment involves continued support for job creation, private sector development, investment attraction, climate resilience, and crisis preparedness while ensuring inclusivity.
Throughout her visit, Bjerde engaged with the finance minister, Bangladesh Bank governor, senior government officials, private sector representatives, civil society leaders, and women entrepreneurs to discuss Bangladesh’s development priorities. The World Bank Vice President for the South Asia Region, Martin Raiser, accompanied her.
Since Bangladesh’s independence, the World Bank has committed approximately $41 billion in International Development Association financing, making it the world’s largest ongoing IDA program. The World Bank remains Bangladesh’s largest development partner.
