POST TIME: 6 December, 2021 06:07:13 PM / LAST MODIFIED: 7 December, 2021 01:44:48 PM
High-profile World Bank team meets Salman F Rahman
Staff Reporter, Dhaka

High-profile World Bank team meets Salman F Rahman

A high-level delegation, led by Hartwig Schafer, Vice-President, South Asia Region, World Bank, held a meeting with Salman Fazlur Rahman MP, the Private Industry and Investment Adviser to the Prime Minister, at his office in Bangladesh Investment Development Authority building at Agargaon in Dhaka today (Monday).

The core areas that were discussed in the meeting include expansion of trade and investment opportunities in Bangladesh and capital market development.

In the meeting, the adviser briefed the World Bank delegation about the steps undertaken by the government of prime minister Sheikh Hasina which include unprecedented growth in the power generation sector, turning agriculture into agribusiness, setting up of more than 100 economic zones to promote foreign direct investment as well as local investment and save arable land from unplanned development and establishing National Skill Development Authority to train and develop skilled human resources for meeting the needs of Fourth Industrial Revolutions.

Moreover, issues relating to building nationwide IT infrastructure for widening digital connectivity across the country and framing new laws and amending regulations for creating an enabling environment for boosting investment in the private sector were also discussed.

The advisor also mentioned the extraordinary success of the government in mass vaccination to tackle the Covid-19 pandemic and keep the detection of corona virus and death rate under control.

Hartwig Schafer highly praised the inclusive growth achieved by Bangladesh in the last decade. The vice-president drew the attention of the adviser to the statistics of lower GDP-FDI ratio of Bangladesh.  The adviser also apprised the delegation that the ratio has been steady in the last decade and as the size of GDP is increasing every year, the inflow of FDI is also growing.

However, the adviser expressed his optimism that the size of FDI will increase two-three times within next couple of years.

Among others, Md. Sirazul Islam, Executive Chairman, BIDA, Professor Shibli Rubayat-Ul-Islam, Chairman, Bangladesh Securities and Exchange Commission (BSEC), Bikarna Kumar Ghosh, Managing Director (Additional Secretary), Bangladesh High-tech Park Authority, were also present at the meeting.

The World Bank delegation members who accompanied the Vice-President are Mercy Tembon, Country Director for Bangladesh and Bhuta, Zoubida Allaoua, Regional Director, Equitable Growth, Finance, and Institutions, South Asia Region, Cecile Fruman, Director, Regional Integration and Engagement, South Asia, and Yutaka Yoshino, Lead Country Economist and Program Leader.