Bangladesh Development Update
Bangladesh’s economy is showing nascent signs of recovery backed by a rebound in exports, strong remittance inflows, and the ongoing vaccination program, says a new World Bank report, titled “Bangladesh Development Update- Moving Forward: Connectivity and Logistics to strengthen Competitiveness,”
Future of Manufacturing in Bangladesh
The ready-made garments industry has transformed Bangladesh’s economy, but the creation of more sustainable jobs in the manufacturing sector now needs the upgradation of firms’ capabilities and technology adoption, says a new World Bank report.
Special Economic Zones: Mobilizing private investment and creating better jobs
Special Economic Zones has been critical to the Bangladesh’s economic transformation. Between 2011 and 2021, the Private Sector Development Support Project (PSDSP) has facilitated more than $3.9 billion in direct private investment and the creation of over 41,000 jobs.
Solar Power: Providing Clean Energy for 20 million People
Bangladesh has the largest off-grid solar power program in the world, which offers experiences and lessons for other countries to expand access to clean and affordable electricity. The World Bank and Government of Bangladesh through IDCOL continues to have a partnership spanning more than 25 years to provide clean and affordable electricity to the population.