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Bangladesh to become Mid Income Country by 2016 November 21, 2007

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A world Bank presentation recently showed that Bangladesh will have to tackle a number of challenges in socioeconomic sector to become a middle income country (MIC) by 2016. The main challenges are maintenance of a substantial GDP growth at 7.3 percent, addressing nagging power crisis, restructuring the economic baseline and strengthening governance and regulatory environment. The opinion was expressed by World Bank Senior Economist Sandvip Mahajan in his keynote paper presented during a meeting with the business leaders of Bangladesh

Bangladesh can develop into a middle-income country (MIC) by 2016 if it liberalise trade further, increase energy prices, privatize selected state-owned enterprises and maintain its past record of economic stability, says a World Bank (WB) study released yesterday. Speaking at the launch of the study titled “Bangladesh: Strategy for sustained growth,” Finance Adviser Mirza Azizul Islam agreed with the recommendations made by the study and said that the government is already implementing a number of them out of its own compulsion

The World Bank (WB) President Robert Zoellick, who concluded his first trip to Bangladesh on November 4, appreciated the government’s reform measures, especially in the financial sector, and suggested making it a priority to make Bangladesh a mid-income country (MIC) by 2016.

Will Hurricane Sidr make a blow to our dream of becoming MIC by 2016?

An ordinary citizen


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