Time Digital Report: The World Bank's board of executive directors yesterday discussed a new country partnership framework (CPF) for Bangladesh for the years 2023-2027 and approved a $1.25 billion financing in three new projects.
The CPF, anchored in the government's eighth Five-Year Plan and the Long-Term Perspective Plan 2021–2041, will support Bangladesh's goal to achieve upper-middle-income country status by 2031 by helping the country address key barriers to higher and sustainable growth, said a World Bank press release today.
It will help develop a diversified and competitive private sector to create more and better jobs; promote socioeconomic inclusion to expand opportunities for all; and address climate and environmental vulnerabilities. These three outcomes are key priorities for Bangladesh's growth aspirations.
