Bangladesh has made significant economic and development progress in the last five decades. Now a strong reform agenda is needed to sustain the growth trajectory in the country and to further accelerate the growth rate in the long run. This was stated in the world bank`s new report.
The report titled `The Country Economic Memorandum: Change of Fabric Identities`, officially released at a city hotel on Friday( September 30), identified the main barriers to high growth and proposed effective reforms to maintain rapid growth.
Planning Minister MA Mannan was present as the chief guest while Sanem Executive Director Professor Dr. Selim Raihan and Sonia Bashir Kabir, founder of SBK Tech Ventures and SBK Foundation, spoke as panel discussants.
Dundan Chen, Acting Country Director of the World Bank delivered the inaugural address, and Hun S. Soh, Manager of Macro Economics, Trade, Investment and Public Sector Practices for South Asia, World Bank delivered the closing speech.
Senior economist Nora Diehl and World Bank chief economist advisor Zahid Hussain made a PowerPoint presentation on the report`s findings.
Speaking on the occasion, the planning minister said Bangladesh is on the right track in terms of achieving GDP growth, achieving self-sufficiency in food, providing electricity connections to the doorsteps of the people, and increasing the rate of education.
"We can ensure that we continue to strengthen our efforts to improve further," he said.