World Economy

WB Praises Bangladesh

WB Praises Bangladesh WB Praises Bangladesh

The visiting World Bank chief economist Kaushik Basu has praised Bangladesh’s economic progress and termed the attainment of 6.5% GDP growth ‘a rare success’, BDNews reported. Basu’s appreciation came at a meeting between the World Bank official and Prime Minister Sheikh Hasina at the latter’s office in Dhaka on Sunday, prime minister’s press secretary Ihsanul Karim told the media. It may be noted that Bangladesh attained a growth of 6.5% in the fiscal year 2014-15. Karim told journalists that Basu, who also is senior vice-president of the global lending agency, discussed different aspects of Bangladesh’s economy with the prime minister. He quoted Sheikh Hasina as telling Basu that some policies of her party had played a key role in Bangladesh’s economic success. The prime minster highlighted the various measures her government had taken towards promoting economic development, including an opening up of different areas of business to the private sector, he added. The prime minister had referred to the establishment of ‘Palli Sanchay Bank’, or rural savings bank, for the advancement of the rural economy.