Publication: Bangladesh Country Economic Memorandum: Change of Fabric
Date
2022
ISSN
Published
2022
Author(s)
World Bank Group
Abstract
Bangladesh’s development progress
over the past decades has been remarkable. Bangladesh has
been among the fastest growing economies in the world.
Economic development has translated into higher living
standards and improved social and health outcomes. The next
years will determine Bangladesh’s longer term development
trajectory. The milestones ahead reflect the deep structural
transformation of Bangladesh’s economy over the past
decades, but also serve as a reminder that further
transformation will be required for a prosperous future.
Sustaining fast growth and addressing these global
challenges will require overcoming three critical growth
constraint. This report explores these constraints and
proposes actionable reforms to sustain development. It is
expected to inform the public and help the authorities
design policies to achieve the goals set out in the eighth
five year plan and Bangladesh vision 2041. The report
focuses on three growth constraints: (i) diversifying
exports and increasing competitiveness to reach the next
development stage through export-led growth; (ii) mobilizing
domestic and international savings to channel them toward
productive investment; and (iii) upgrading urban areas,
unleashing secondary cities, and improving connectivity to
sustain structural transformation and increase productivity.
In addition, the implications of digital development and
climate change are explored as crosscutting themes across
the three topics.
Citation
“World Bank Group. 2022. Bangladesh Country Economic Memorandum: Change of Fabric. © World Bank, Washington, DC. http://hdl.handle.net/10986/38229 License: CC BY 3.0 IGO.”