‘Bangladesh on right track to become middle income country’

Bangladesh is on the right track to become a high middle-income country by 2041, said Souleymane Coulibaly, acting country director for Bangladesh and Bhutan of The World Bank, yesterday. 

"Bangladesh is one of the fastest growing economies in the world," he told a discussion on development of microenterprises in Bangladesh organised by Palli Karma-Sahayak Foundation (PKSF), according to a press release.

"I strongly believe that the country is on the right track to become an upper-middle income country by 2041, as Bangladesh has maintained its economic growth over the years despite the Covid-19 pandemic," he said.

Bangladesh needs to invest in microenterprises if the country wants to benefit from the demographic dividend, said PKSF Chairman Qazi Kholiquzzaman Ahmad while presiding over the discussion.

Development of microenterprises requires implementation of capacity enhancement activities along with making financial services available, he added.

PKSF Managing Director Nomita Halder also spoke.