Hartwig Schafer, the World Bank’s Vice President for South Asia, said that Bangladesh has shown a lot of success in recent times in recovering the economy in the COVID-19 situation. He said that the economy of Bangladesh is doing better than many other countries and their economy has recovered after tackling COVID-19.
He made the remarks while attending a meeting with the Bangladesh delegation led by the Finance Minister at the Pan Pacific Sonargaon Hotel in Dhaka on Sunday (5 December).
As members of the Bangladesh delegation, the meeting was attended by the Minister of Finance, Senior Secretary of the Department of Internal Resources and Chairman of the National Board of Revenue, Senior Secretary of the Department of Finance, Secretary of the Department of Economic Relations, and Secretary of the Department of Financial Institutions. On behalf of the World Bank, Hartwig Schafer, World Bank Country Director for Bangladesh Mercy Miyang Tembon, World Bank Regional Director (South Asia) Yubida Kherus Alaua, Seychelles Fruman, South Asian Regional Integration and Cooperation officials participated in the discussion.
At the event, Hartwig Schafer recommended bringing more dynamism to every aspect of project design, processing, approval, and implementation. To this end, he proposed to the Economic Relations Department, the Ministry of Project Implementation, or the Department and the World Bank to take initiative for timely implementation of projects.
