WB to continue its support to spur economic growth
Monday, 22 October 2007
The World Bank (WB) will continue its support to Bangladesh to accelerate economic growth and poverty reduction, reports BSS.
Managing Director of the WB Graeme Paul Wheeler stated this during his meeting with Finance Adviser AB Mirza Azizul Islam Saturday in Washington, a despatch received in Dhaka Sunday said.
The WB appreciated the policy and institutional reforms being pursued by the present caretaker government (CG) and expressed the hope that these reforms will contribute significantly to establishing a framework for good governance in Bangladesh.
Wheeler encouraged the government to pursue the ongoing reforms robustly so that assistance from the Bank could be scaled up and effectively used for the benefit of the poor.
The Adviser thanked Wheeler for WB's continued support and expressed the commitment of the Bangladesh government to pursue institutional and policy reforms.
The adviser also highlighted the reforms already implemented in combating corruption and separation of judiciary from the executive. He also mentioned developments in tax reforms and creation of 'Better Business Forum' as a mark of advancing investment climate in Bangladesh.
He indicated that there had been an improvement in the aid resources in Bangladesh following various actions taken by the present government under the leadership of the Chief Adviser, which justifies more support from the Bank.
The finance adviser also reiterated the need for continued assistance from the WB for those sectors, which had direct bearing on poverty reduction efforts along with focus on addressing the challenges emanating from climate change.
On the sidelines of the Bank-Fund meeting, the Adviser had a detailed meeting with the Bangladesh Country Team in the WB. The Finance Adviser appreciated Bank's commitment to provide scaled up budget support following the recent floods.
He reiterated the sincere intention of the interim government to transfer power to an elected government by the end of 2008.
During these meetings, Alternative Executive Director Zakir Ahmed Khan, ERD Secretary Md Aminul Islam Bhuiyan, Finance Secretary Mohammad Tareque and Bangladesh Ambassador to the US M Humayun Kabir and Economic Minister Mahfuzul Haque were present.
The three-day Bank-Fund Annual Meetings began Saturday in Washington DC. Finance and Planning Adviser AB Mirza Azizul Islam, who is also the Governor of the WB and International Monetary Fund (IMF) for Bangladesh, arrived here Friday to attend the meetings.
Managing Director of the WB Graeme Paul Wheeler stated this during his meeting with Finance Adviser AB Mirza Azizul Islam Saturday in Washington, a despatch received in Dhaka Sunday said.
The WB appreciated the policy and institutional reforms being pursued by the present caretaker government (CG) and expressed the hope that these reforms will contribute significantly to establishing a framework for good governance in Bangladesh.
Wheeler encouraged the government to pursue the ongoing reforms robustly so that assistance from the Bank could be scaled up and effectively used for the benefit of the poor.
The Adviser thanked Wheeler for WB's continued support and expressed the commitment of the Bangladesh government to pursue institutional and policy reforms.
The adviser also highlighted the reforms already implemented in combating corruption and separation of judiciary from the executive. He also mentioned developments in tax reforms and creation of 'Better Business Forum' as a mark of advancing investment climate in Bangladesh.
He indicated that there had been an improvement in the aid resources in Bangladesh following various actions taken by the present government under the leadership of the Chief Adviser, which justifies more support from the Bank.
The finance adviser also reiterated the need for continued assistance from the WB for those sectors, which had direct bearing on poverty reduction efforts along with focus on addressing the challenges emanating from climate change.
On the sidelines of the Bank-Fund meeting, the Adviser had a detailed meeting with the Bangladesh Country Team in the WB. The Finance Adviser appreciated Bank's commitment to provide scaled up budget support following the recent floods.
He reiterated the sincere intention of the interim government to transfer power to an elected government by the end of 2008.
During these meetings, Alternative Executive Director Zakir Ahmed Khan, ERD Secretary Md Aminul Islam Bhuiyan, Finance Secretary Mohammad Tareque and Bangladesh Ambassador to the US M Humayun Kabir and Economic Minister Mahfuzul Haque were present.
The three-day Bank-Fund Annual Meetings began Saturday in Washington DC. Finance and Planning Adviser AB Mirza Azizul Islam, who is also the Governor of the WB and International Monetary Fund (IMF) for Bangladesh, arrived here Friday to attend the meetings.