• Wednesday, July 30, 2014

WB's regional vice-president due today

Star Business Desk

Philippe Le Houérou, World Bank's vice-president for South Asia, arrives in Dhaka today, the WB said in a statement.
It is Le Houérou's first visit to Bangladesh since assuming his position in July 2013 and heralds the WB's shifting more resources to fix infrastructure bottlenecks, according to the statement.   
“Bangladesh's remarkable success in reducing poverty is an example for other developing countries who want to achieve the same. But Bangladesh has the potential to do much better,” said Le Houérou.

“With nearly one-third of the population living in poverty, Bangladesh still faces daunting challenges. By addressing critical development bottlenecks, including in the areas of investment climate, energy and transport, Bangladesh can reduce poverty faster and ensure shared prosperity for its people,” he said.
Le Houérou will meet senior government officials and private sector and civil society leaders to discuss how the WB can best support efforts to make economic development more inclusive. He will also visit WB-financed projects in Bangladesh. The WB's current portfolio here stands at $6.7 billion with 31 projects.

Published: 12:00 am Friday, March 28, 2014

Last modified: 12:19 am Friday, March 28, 2014

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