World Bank’s recognition of ‘Bangladesh’s silent economic revolution’ through ‘ICP Articles 2022-2021’ program

KATHMANDU

The World Bank recently released and cataloged an item named “Unpacking the Silent Economic Revolution in Bangladesh” under ‘the ICP (International Comparison Programme) publications 2022-21’ program on their website. On March 2, 2022, the item was first published in Pakistan’s internationally accepted weekly ‘The Friday Times. Basically ‘The World Bank has admired the economic development of Bangladesh through this ‘ICP Articles’.Bangladesh has become one of the fastest growing countries in the world. In particular, Bangladesh’s achievements in poverty alleviation are worth mentioning. Poverty alleviation is the main task of the World Bank. So, it is also happy with this achievement of Bangladesh.

Hartwig Schaefer, the outgoing Vice-President of the World Bank’s South Asian region, praised Prime Minister Sheikh Hasina for Bangladesh’s economic development. At the same time, he promised that the World Bank would stand by the overall development of Bangladesh. At the meeting, World Bank Vice-President Hartwig Schaefer praised Bangladesh. He lauded the leadership of Prime Minister Sheikh Hasina and said, “Bangladesh is now far ahead of its neighboring countries in various economic and social directions.”

The World Bank (WB)-International Monetary Fund (IMF) Spring Meeting in 2022 lauded Bangladesh for successfully implementing its policies to combat the Covid-19 pandemic and economic recovery from its effects.However, it’s worth noting that the