The World Bank’s Managing Director of Operations, Axel van Trotsenburg is making his first official visit to Bangladesh tomorrow.
During the three-day trip, Mr. van Trotsenburg will be joining a public event in Dhaka to mark 50 years of the partnership between Bangladesh and the World Bank Group and celebrate the country’s impressive development achievements.
This visit is an important step for both parties as it demonstrates their commitment to furthering economic growth in Bangladesh.
Mr. van Trotsenburg will be meeting with Prime Minister Sheikh Hasina, Finance Minister A H Mahmood Ali, other senior government officials, and civil society representatives during his stay in Dhaka while also visiting various projects supported by the World Bank Group’s International Development Association (IDA).
Axel van Trotsenburg said:
“Bangladesh has shown the world what can be done to dramatically reduce poverty through successful innovations in human development, women’s empowerment, and climate adaptation.
The World Bank is proud of its 50-year partnership with Bangladesh and being part of the country’s remarkable development journey. I look forward to my visit and to seeing these achievements firsthand.”
Mr. van Trotsenburg will meet with the Honorable Prime Minister, the Finance Minister, and other senior government officials, civil society representatives, and development partners, and visit World Bank-supported projects.
He will be accompanied by Mr. Martin Raiser, World Bank Vice President for the South Asia Region.
The World Bank was among the first development partners to support Bangladesh after its independence. Since then, the Bank has committed about $39 billion, mostly in grants or concessional credits to Bangladesh.
Bangladesh currently has the largest ongoing program supported by the World Bank Group’s International Development Association (IDA).
About the Word Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programs. It was established in 1944 at the Bretton Woods Conference, with its purpose being to stimulate economic growth and reduce poverty around the world.
Since its creation, the World Bank has become one of the world’s largest sources of development assistance. It currently lends funds to more than 160 countries, providing access to capital markets, fostering investment in infrastructure and promoting sustainable development and good governance.
The World Bank also plays a key role in helping countries respond to global challenges such as climate change, improving education and health care systems, increasing food security, eliminating extreme poverty and reducing inequality.
Sources: THX News & World Bank.
