Hartwig Schaefer, 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 after the coronavirus (Covid-19) situation. Many have praised it. He said that the economy of Bangladesh is doing better than many other countries and their economy has turned around by tackling Covid-19.
On Sunday (December 5) at the Pan Pacific Sonargaon Hotel in Dhaka, the Bangladesh delegation led by the Finance Minister and Mr. Hartwig Schaefer, Vice President South Asia Region of the World Bank met. Schaefer said this while taking part in the meeting.
A bilateral meeting was held with the World Bank delegation. The members of the Bangladesh delegation included Finance Minister, Senior Secretary of Internal Resources and Chairman of National Board of Revenue, Senior Secretary of Finance, Secretary of Economic Relations Division and Secretary of Financial Institutions.
On behalf of the World Bank, Hartwig Schaefer, World Bank Country Director for Bangladesh Mercy Myang 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 Schaefer recommended bringing more dynamism to every aspect of project design, processing, approval and implementation. To this end, he proposed to the Economic Relations Division, the Ministry of Project Implementation or the Division and the World Bank to take initiative for timely implementation of the project.
He called for speedy completion of the ongoing recovery and resilience process. He also emphasized on enhancing cooperation between Bangladesh and the World Bank for the adoption and implementation of new projects in the field of Climate Change Related Policy Action and Regional Integration and Corporation.