The World Bank has praised Bangladesh’s improved macroeconomic performance compared to a year ago, stating that the country is on a better financial footing amid global challenges. Johannes Zutt, the World Bank Vice President for South Asia, made the observation during a meeting with Dr. Salehuddin Ahmed, Economic Adviser to the Interim Government, held on Sunday at the Secretariat in Dhaka.
Following the meeting, Dr. Salehuddin told reporters, “According to the World Bank, Bangladesh’s macroeconomic situation is currently in a strong position. Around a year ago, there were concerns that the situation could worsen significantly. However, we now believe that the country is moving in the right direction.”
The World Bank has recognized improvements across key financial sectors, including Bangladesh’s external balance, remittance flow, and overall stability in the foreign exchange market. In just the first 12 days of this month, the country received Tk 13,000 crore in remittances, signaling sustained confidence among expatriate Bangladeshis and stronger foreign currency reserves.
Johannes Zutt also emphasized the importance of fostering private sector growth and increasing foreign direct investment (FDI). He noted that, compared to other developing nations, Bangladesh’s current economic position is notably favorable.
On institutional development, Dr. Salehuddin stated that the World Bank expressed satisfaction with reform efforts in the financial sector, particularly within the National Board of Revenue (NBR). He confirmed that the restructuring of state-owned banks has begun under the guidance of Bangladesh Bank.
A significant proposal now under implementation involves dividing the NBR into two separate entities to increase administrative efficiency—a move that the World Bank supports. “They want to see full implementation, although it will take some time,” the adviser added.
The discussions also covered critical infrastructure projects, including development at Chattogram Port and the proposed Laldia container terminal. The World Bank has agreed in principle to extend support in these areas, aligning with its continued focus on infrastructure-driven growth.
Regarding the issue of U.S. tariffs on Bangladeshi goods, Dr. Salehuddin said the government will disclose more details once the trade advisory delegation returns from its overseas visit.
Johannes Zutt, who arrived in Dhaka on Saturday, will now oversee the World Bank’s operations across South Asia from its new regional hub in New Delhi, rather than Washington. His visit underscores the World Bank’s long-standing partnership with Bangladesh, which has received approximately $46 billion in financial support since independence—most of it in grants or low-interest loans.
Dr. Salehuddin also confirmed that further financial discussions will take place at the upcoming Annual Meetings of the World Bank and International Monetary Fund (IMF) this October, where Bangladesh will seek to secure the next phase of assistance.