World Bank MD Trotsenburg Arrives in Dhaka

The World Bank's Managing Director of Operations, Axel van Trotsenburg arrived in Dhaka on Thursday on his first official visit to Bangladesh.

During his three-day visit, van Trotsenburg will join a public event in Dhaka tomorrow, to mark 50 years of the partnership between Bangladesh and the World Bank Group and celebrate the country's remarkable development achievements, reports BSS.

"Bangladesh has shown the world what can be done to dramatically reduce poverty through successful innovations in human development, women's empowerment, and climate adaptation," said Axel van Trotsenburg, according to a press release.

"The World Bank is proud of its 50-year partnership with Bangladesh and being part of the country's remarkable development journey. I look forward to my visit and to seeing these achievements firsthand," added Trotsenburg.

Axel van Trotsenburg will meet with the Prime Minister, the Finance Minister, and other senior government officials, civil society representatives, and development partners, and will visit World Bank-supported projects. He will be accompanied by the World Bank Vice President for the South Asia Region, Martin Raiser.

The World Bank was among the first development partners to support Bangladesh after its independence. Since then, the Bank has committed about $39 billion, mostly in grants or concessional credits to Bangladesh.

Bangladesh currently has the largest ongoing program supported by the World Bank Group's International Development Association (IDA).