Bangladesh’s advanced preparation for the post-LDC graduation era
Encouraged to see advanced preparation in Bangladesh for post-LDC graduation era: ADB Vice President
Asian Development Bank (ADB) Vice President Yingming Yang has said he is encouraged to see Bangladesh’s advanced preparation for the post-LDC graduation era, including adequately dealing with the financing and market access challenges that will also be outlined in the next five-year plan.
“I have noticed a strong drive for meaningful reforms to address medium-term economic and development challenges,” he told UNB in an exclusive interview on Thursday before wrapping up his Bangladesh visit.
The vice-president who is responsible for the management of the operations of ADB’s Central and West Asia Department and South Asia Department, said the sincerity of the government in building resilience to climate change, which will help mitigate macroeconomic and fiscal risks, is laudable.
Revenue-based fiscal consolidation, quality infrastructure and human capital development, diversification of trade, increasing foreign direct investment, lowering financial sector vulnerabilities along with the reduction of non-performing loans, enhancing investment climate, and strengthening governance are widely discussed and prioritised, Yang said.
5 months ago