World Bank MD to visit Bangladesh Saturday

The World Bank’s Managing Director of Operations Axel van Trotsenburg is scheduled to arrive in Dhaka tomorrow (Saturday) on his first official visit to Bangladesh.

During his three-day visit, Trotsenburg will join a public event in Dhaka on Sunday to mark 50 years of the partnership between Bangladesh and the World Bank Group and celebrate the country’s remarkable development achievements.

“Bangladesh has shown the world what can be done to dramatically reduce poverty through successful innovations in human development, women’s empowerment, and climate adaptation,” said Axel van Trotsenburg, said media release on Friday.

“The World Bank is proud of its 50-year partnership with Bangladesh and being part of the country’s remarkable development journey. I look forward to my visit and to seeing these achievements firsthand,” he said.

Trotsenburg will meet Prime Minister Sheikh Hasina, finance minister and other senior government officials, civil society representatives and development partners and visit World Bank-supported projects.

He will be accompanied by Martin Raiser, World Bank Vice President for the South Asia Region.

The World Bank was among the first development partners to support Bangladesh after its independence.

Since then, the Bank has committed about $39 billion, mostly in grants or concessional credits to Bangladesh.

Bangladesh currently has the largest ongoing program supported by the World Bank Group’s International Development Association (IDA).