World Bank Vice President for South Asia Johannes Zutt finished his first official visit to Bangladesh today, promising continued support to help the country tackle development challenges and build a better future for its people, according to a press release.
The World Bank gave over $3 billion last fiscal year to help improve services like health, water and sanitation, and social protection. It also boosted investment in infrastructure and environmental sustainability. Zutt said he was delighted to return to Bangladesh, where the people and youth are determined to have a better future.
The World Bank’s support comes at a key time for Bangladesh as the interim government works to put reforms in place that could speed up inclusive growth and create much-needed jobs. Zutt updated Chief Adviser Yunus on ongoing and planned World Bank programs in the country. This shows how the partnership is changing to meet Bangladesh’s needs. The money will also support financial and public sector reforms that are important for building stronger institutions and improving governance.
During his visit, Zutt met with top officials including the Finance Adviser, Planning Adviser, Bangladesh Bank Governor, and Special Envoy for International Affairs. He also met with private sector representatives to discuss emerging challenges and opportunities. These meetings show how the World Bank is taking a broad approach that involves both government and business leaders in shaping Bangladesh’s development path.
The World Bank has been one of Bangladesh’s oldest development partners, supporting the country since independence. Over the decades, the World Bank has given more than $46 billion in International Development Association money through grants, interest-free loans, and concessional credits to help address the country’s development priorities. This long-term partnership has helped lift millions of people out of poverty and continues to change as Bangladesh faces new challenges and opportunities.
The visit shows the World Bank’s commitment to helping Bangladesh mobilize private investment and create opportunities for meaningful work. This is particularly important as the country works to build economic and climate resilience. With youth leading the charge for change, the partnership aims to create the foundations for sustainable development that will benefit current and future generations.
