World Bank VP Martin Raiser Pledges Continued Support for Bangladesh’s Economic Reforms and Post-Flood Recovery

Raiser assured continuous World Bank support aimed at fostering economic stability, job creation, climate resilience, and improved public services.

World Bank Vice President for South Asia, Martin Raiser, concluded his visit to Bangladesh today, reaffirming the institution's strong commitment to supporting the country's economic reforms and sustainable development goals.

During his visit, Raiser met with the Honorable Chief Adviser of the Interim Government, Professor Muhammad Yunus, where he highlighted the importance of advancing reforms during the political transition to enhance governance and transparency. Raiser assured continuous World Bank support aimed at fostering economic stability, job creation, climate resilience, and improved public services.

The discussions with Professor Yunus included updates on current and upcoming World Bank projects in Bangladesh. Raiser emphasized reforms to improve transparency and accountability in key areas such as bank resolution and asset recovery, tax policy and revenue collection, procurement and auditing, and the independence of national statistics. He noted that these measures would help level the playing field and boost public and business confidence in the medium term.

Additionally, Raiser announced that new World Bank lending programs are in preparation to support Bangladesh's recovery from the devastating September 2024 floods. These programs aim to ease energy sector stresses, develop a modern and targeted social assistance system, and combat Dhaka's rising air pollution.

During his visit, Raiser also engaged with senior officials, including the Honorable Finance Adviser, Energy Adviser, Bangladesh Bank Governor, NBR Chairman, and representatives from civil society and the private sector. Their discussions focused on the country's key development challenges and the government's priorities for economic growth and resilience.

Raiser reiterated the World Bank's long-standing partnership with Bangladesh and expressed confidence that continued reforms would pave the way for a more inclusive and sustainable future for the people of Bangladesh.