World Bank urges Bangladesh to undertake reforms for job creation, inclusive growth amid economic challenges.

The World Bank emphasizes that Bangladesh must undertake significant reforms to foster job creation and inclusive growth amid challenges like high inflation, a balance of payments deficit, and limited opportunities for youth, especially women and the educated. GDP growth is projected to decline to 4% in FY25, following a 5.2% growth in FY24, with rising income inequality noted. The report calls for improved economic governance and a better business environment to achieve sustainable development.

October 15, 2024
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