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The World Bank has stated that Bangladesh’s macroeconomic situation is currently very strong.

This comment was made by Johannes Zutt, Vice President of the South Asia Region of the World Bank, after a meeting with Economic Adviser Dr. Salehuddin Ahmed at the Secretariat on Sunday (July 13).

Following the meeting, Dr. Salehuddin Ahmed told reporters, “According to the World Bank, Bangladesh’s macroeconomic situation is now very good.”

He added, “About a year ago, we were concerned that the situation could become very difficult for us. But now we believe we are on the right track.”

The Economic Adviser also mentioned that Johannes Zutt, who has recently assumed his new position, will now oversee the World Bank’s activities in South Asia, and his office will be based in New Delhi instead of Washington.

He said Zutt has been briefed on the World Bank’s ongoing projects and budgetary support in Bangladesh.

He further noted that although there were concerns about Bangladesh facing tough challenges about a year ago, the World Bank is now satisfied with the country’s overall economic situation.

Dr. Salehuddin Ahmed said that the World Bank Vice President acknowledged improvements in the country’s financial sector, balance of payments, and foreign exchange reserves.

He said Zutt emphasized the importance of private sector development and attracting more foreign direct investment (FDI).

According to the Economic Adviser, Zutt also acknowledged that Bangladesh’s current economic condition is better compared to many other countries.

He further noted that during Zutt’s previous tenure as the World Bank’s Country Director in Bangladesh 10–12 years ago, significant infrastructure developments have taken place, which Zutt has positively highlighted.

The meeting also included discussions on the activities of the International Finance Corporation (IFC).

In response to a question, the Economic Adviser said that the caretaker government has received all the requested support from the World Bank.

He added that the next phase of expected support will be presented at the upcoming annual meeting of the World Bank and IMF in October.

Answering another question, Dr. Salehuddin said that the World Bank is satisfied with the reform initiatives taken in the financial sector, especially in the National Board of Revenue (NBR).

He stated that the restructuring of banks has begun under the Bangladesh Bank’s guidance, and the World Bank wants to see full implementation of the decision to split the NBR into two separate entities, although it may take some time.

Salehuddin also mentioned that the Chattogram Port and the container terminal in Laldiar Char were discussed, and the World Bank has agreed to provide assistance in the infrastructure sector.

When asked about the issue of U.S. tariffs, the Economic Adviser said that more details will be shared after the return of the Chief Trade Adviser and negotiation team from abroad.

Johannes Zutt, the newly appointed Vice President for the South Asia Region of the World Bank, arrived in Dhaka on Sunday.

Since independence, the World Bank has been one of Bangladesh’s key development partners, providing nearly $46 billion in assistance so far — most of it in the form of grants or low-interest loans.