“As part of the World Bank Group, IFC is committed to supporting Bangladesh to strengthen its private sector and drive economic growth,” said Martin Holtmann, Country Manager IFC, Bangladesh, Bhutan, Nepal.
“The CPSD provides a strategic roadmap, identifying sectors and the key reforms needed to enhance their competitiveness and attract investment. By working together, we can create jobs and opportunities to improve the livelihoods of the people of Bangladesh, to accelerate sustainable economic development.”
The Bangladesh CPSD launch was followed by a panel discussion on the report’s findings by Lutfey Siddiqi, Bangladesh government’s envoy for international affairs, and Chowdhury Ashik Mahmud Bin Harun, executive chairman, Bangladesh Investment Development Authority, as well as private sector leaders.
Bangladesh is an emerging economy with a rising population, making it essential to remove barriers to private investment, and create new opportunities for growth. The suggested policy actions have relevance beyond the selected sectors and demonstrate the potential for policy reform in other parts of the economy to enhance the investment climate, safeguard jobs, and build on ongoing development achievements.