The World Bank is the coordinator of aid donors in Bangladesh. Since 1972, it has lent $15 billion in economic development and played a critical role in shaping the country’s institutions and policies.
A Brief account of World Bank in economic developments is given below:
In the 1970s, the WB concentrated largely on project lending for achieving food
self-sufficiency,
mobilizing domestic resources, improving social indicators, and
enhancing project implementation.
In the late
1980s, the WB focused on policy reforms at removing the distortions
in trade, pricing, credit allocation, and interest
rates to create an environment
conducive to private sector development.
Currently WB has emphasized to strengthening the financial sector including
transportation, water, sanitation & flood protection, health & social services, information &
communication, public administration & law, finance, agriculture and
industry & trade.
At present the mentionable projects of the WB are private sector development,
employment generation program for the poorest, integrated agricultural
development, investment promotion & financing facility, rural transport improvement, etc.