World Bank sees much geo-economic leverage for Bangladesh
India Correspondent, bdnews24.com
Published: 2015-09-28 16:41:00.0 BdST Updated: 2015-09-29 02:38:47.0 BdST
Bangladesh’s location gives it an unique geo-economic advantage that can be leveraged for national economic growth, say World Bank experts, who are attending the three-day South Asia Economic Conclave in Delhi.
“Bangladesh is located strategically between South and South-East Asia. It can leverage that advantage for developing its trade and commerce, connectivity and infrastructure,” said Annette Dixon, the World Bank Vice-President for South Asia.
Meeting media professionals over lunch ahead of the first-ever South Asian Economic Conclave, Dixon said: “There is real great promise for Bangladesh, not only because it enjoys a huge advantage but its current leaders are aware of it and keen to leverage it.”
Unlike Pakistan, Bangladesh has tried solving most of its problems with big neighbour India and focus its energies on developing its own economy and human development indicators – an approach that has earned the praise across the world.
“India is now the fastest growing economy in the world and is pursuing a ‘Look-East’ policy to link up with South-east Asia and East Asia. That cannot happen without Bangladesh,” said the Bank’s lead economist for South Asia Sanjay Kathuria.
“That should give Bangladesh a huge impetus to invest in regional connectivity,” said Kathuria. “It can make billions from regional trade that will pass through its territory and not much less for goods and people moving between India’s northeast and the country’s mainland.”
“Bangladesh’s mass manufacturing is the most competitive in South Asia,” Kathuria said. “And it will provide global companies both a look-west and a look-east option when it came to markets.”
Any unauthorised use or reproduction of bdnews24.com content for commercial purposes is strictly prohibited and constitutes copyright infringement liable to legal action.
- Chinese investors find their cash is losing its cachet
- Foundation stone for Padma Rail bridge in April, says railways minister
- Two World Bank cars with Bangladesh customs following probe on duty dodging allegations
- CPD appoints Fahmida Khatun as new executive director
- ‘Democracy essential for economic development’
- Foreign portfolio investments in Bangladesh capital market skyrocketed 26 times in six months
- Bangladesh seeks US support to accelerate economic growth
- Bangladesh's Balance of Payment deficit increases
- Global Economy Weekahead: Soon time to watch for rising global inflation?
- Ex-BB governor Farashuddin slates 'high' mobile banking charges
- British Muslim schoolteacher of Bangladeshi origin denied entry to US
- PM calls for way to stop youths from speaking Bangla in English style
- Myanmar probing police 'cover-up' of deaths of two Rohingya Muslims
- BNP Chief Khaleda slammed for standing on the main platform at Central Shaheed Minar
- Italian, Swiss speak of their love for the language in Dhaka
- BSF claims its non-lethal strategy drawing more attacks along borders
- Bus driver gets life in prison in case over deaths of Tareque Masud, Mishuk Munier
- Former Jatiya Party MP Kader masterminded Gaibandha MP Liton's killing: Police
- Ex-Jatiya Party MP Kader Khan arrested over MP Liton murder
- Narsingdi man detained over murder of his three minor siblings