Bangladesh to highlight reform at WB meet
Bangladesh is getting ready to present its financial sector reforms and benefit at the World Bank's (WB) group annual meeting scheduled for October 8-10 at its headquarters in Washington DC.
Finance Minister AMA Muhith will lead a Bangladesh team to the meeting and give a special presentation on the activities of Bangladesh Bank (BB) to transform the central bank into a facilitator for inclusive growth.
BB Governor Atiur Rahman said to the news agency that he will join a discussion with the International Monitory Fund, European Central Bank and Federal Reserve Bank on "rethinking the fundamentals of the central bank".
The WB meet this year will give a special attention to the financial activities of the developing economies, including Bangladesh, which shielded them from fallout from the financial crisis.
The multidonor agency announced a reorientation of its research so it can tap the experiences in developing countries more effectively.
World Bank President Robert Zoellick said the global economic crisis had made the need for a rethink of development economics even more compelling.
"We need to throw open the doors, recognising that others can find and create their own solutions."