{"id":6303,"date":"2023-05-02T04:03:03","date_gmt":"2023-05-02T04:03:03","guid":{"rendered":"https:\/\/thecrimebd.net\/english\/?p=6303"},"modified":"2023-05-02T04:03:03","modified_gmt":"2023-05-02T04:03:03","slug":"the-prime-minister-wants-the-world-banks-help-in-the-transition","status":"publish","type":"post","link":"https:\/\/thecrimebd.net\/english\/news\/6303\/","title":{"rendered":"The Prime Minister wants the World Bank&#8217;s help in the transition"},"content":{"rendered":"<p style=\"color: #252525; text-align: justify;\"><strong>Dhaka Bureau:<\/strong> Prime Minister Sheikh Hasina has called for increased cooperation from the World Bank for Bangladesh&#8217;s smooth transition to becoming a developing country, transition to an upper-middle-income country, and implementation of its Delta Plan-2100.<\/p>\n<p style=\"color: #252525; text-align: justify;\">Addressing the plenary session titled &#8216;Reflections on 50 Years of World Bank-Bangladesh Partnership,&#8221; held at the Preston Auditorium of the World Bank headquarters on Monday (May 1), the Prime Minister put forward five specific suggestions to the World Bank. An agreement worth 2.5 billion (two and a half billion) dollars was signed between Bangladesh and the World Bank for the implementation of five projects. At this time, the Prime Minister presented a picture of the Padma multi-purpose bridge to the President of the World Bank.<\/p>\n<p style=\"color: #252525; text-align: justify;\">The Prime Minister said Bangladesh is preparing for a smooth and sustainable transition from UN LDC status in 2026. I request that the World Bank support our human capital and institutional capacity building programs for a smooth transition. For that purpose, it is necessary to save and persist the important IDA window.<\/p>\n<p style=\"color: #252525; text-align: justify;\">He also said that Bangladesh will continue to invest in infrastructure and logistics to achieve its goal of becoming a high-income economy by 2041. I hope the World Bank will be involved in mega projects in both our physical and social sectors in the coming years. Bangladesh has aligned the UN SDGs with its national aspiration to become an upper-middle-income country by 2031. There is an urgent need for increased, concessional, and innovative financing from the World Bank and other development partners to implement the SDGs.<\/p>\n<p style=\"color: #252525; text-align: justify;\">Sheikh Hasina said that the ongoing global crises due to pandemics, armed conflict, and climate emergencies have put most of the developing economies under severe pressure. Some development partners have increased their borrowing costs and interest rates despite multiple crises stemming from pandemics and armed conflicts. I call on the World Bank and other development partners to find viable options so that our economies can better address the challenges that arise.<\/p>\n<p style=\"color: #252525; text-align: justify;\">He said Bangladesh hoped that the World Bank&#8217;s increased involvement in climate action would help fill the financing gap under the Paris Agreement. We will emphasize the equitable distribution of funding between climate mitigation and adaptation. Bangladesh has emerged as a global role model in disaster management and preparedness and has invested heavily in early warning systems, disaster-resilient infrastructure, and community-based initiatives.<\/p>\n<p style=\"color: #252525; text-align: justify;\">At this time, the Prime Minister invited the World Bank and other development partners to join us in implementing the projects under Bangladesh Delta Plan 2100.<\/p>\n<p style=\"color: #252525; text-align: justify;\">On the Rohingya issue, the Prime Minister said they are working with the United Nations and other international organizations to ensure their safe, dignified, and voluntary repatriation to Myanmar, but till date not a single Rohingya has returned. With growing security implications for the wider region, the situation is becoming increasingly difficult for us. I thank the World Bank for joining our humanitarian efforts and donating $590 million for the Rohingya and their communities. Bangladesh has sheltered Rohingya forcibly displaced from Myanmar over the past four decades, and the number has reached 1.2 million since mass atrocities in August 2017.<\/p>\n<p style=\"color: #252525; text-align: justify;\">Advisor to the Prime Minister on Information and Communication Technology (ICT) Sajib Ahmed Wazed, Foreign Minister Dr. AK Abdul Momen, Planning Minister MA Mannan, and Prime Minister&#8217;s Private Industry and Investment Adviser Salman Fazlur Rahman, among others, were present.<\/p>\n<p style=\"color: #252525; text-align: justify;\">World Bank President David Malpass and former Chief Economist Kaushik Bose spoke at the event, and global lender VP Martin gave the closing remarks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dhaka Bureau: Prime Minister Sheikh Hasina has called for increased cooperation from the World Bank for Bangladesh&#8217;s smooth transition to becoming a developing country, transition to an upper-middle-income country, and implementation of its Delta Plan-2100. Addressing the plenary session titled &#8216;Reflections on 50 Years of World Bank-Bangladesh Partnership,&#8221; held at the Preston Auditorium of the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,2],"tags":[],"location":[],"class_list":["post-6303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-national"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Prime Minister wants the World Bank&#039;s help in the transition - The Crime BD<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thecrimebd.net\/english\/news\/6303\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Prime Minister wants the World Bank&#039;s help in the transition - The Crime BD\" \/>\n<meta property=\"og:description\" content=\"Dhaka Bureau: Prime Minister Sheikh Hasina has called for increased cooperation from the World Bank for Bangladesh&#8217;s smooth transition to becoming a developing country, transition to an upper-middle-income country, and implementation of its Delta Plan-2100. 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