WB pledges continued support for BD's projects: Finance adviser

The World Bank has reaffirmed its commitment to supporting Bangladesh’s ongoing development projects, along with continuing its budgetary assistance, Finance Adviser Dr Salehuddin Ahmed said on Sunday.

He made the remarks while speaking to reporters after a meeting with Johannes Zutt, the World Bank’s newly appointed vice president for the South Asia Region.

Dr Ahmed said the global lender expressed satisfaction with the country’s overall economic progress.

“The World Bank is pleased with the advancements in Bangladesh’s financial sector, balance of payments, and foreign exchange situation. Everything is on the right track,” he said, quoting the World Bank official.

Zutt, who previously served as the World Bank’s country director in Bangladesh 15 years ago, praised the country’s notable development since then—especially in infrastructure, such as the metro rail.

“The World Bank will continue to extend all necessary support to Bangladesh,” said Dr Ahmed, citing Zutt’s commitment during their discussion.

The World Bank official also highlighted the importance of strengthening the private sector and attracting more foreign direct investment (FDI) to sustain Bangladesh’s economic momentum.

In response to a question, the finance adviser said that the World Bank was satisfied with the ongoing reforms in the country, particularly acknowledging the central bank’s steps to restructure the banking sector.

“The macroeconomic indicators show that the economy is on the right path,” Dr Ahmed added.

On the issue of US tariffs, the finance adviser noted that the commerce adviser is currently in Washington for discussions and will provide a detailed briefing upon his return.

“We’ll examine the areas where tariff adjustments might be necessary based on his feedback. It’s tied to broader tax policy considerations,” he explained.