President Nakao on Bangladesh Meeting the Criteria for Least Developed Country Graduation | Asian Development Bank

President Nakao on Bangladesh Meeting the Criteria for Least Developed Country Graduation

Video | 23 March 2018

ADB President Takehiko Nakao congratulates Bangladesh for meeting the criteria for least developed country graduation.

ADB will keep helping Bangladesh’s continued economic and social progress through supporting railway, water and sewage, electricity, education and health, and promoting reforms.

Transcript

Let me warmly congratulate Her Excellency Sheikh Hasina, the Government, and the people of Bangladesh for the country’s historic achievement of qualifying for LDC graduation.

ADB is proud to have supported Bangladesh’s development since it joined the bank in 1973. Bangladesh became the first ADB member to host a field office in Dhaka in 1982. To date, ADB has supported Bangladesh with more than $20 billion in approved loans, grants, and technical assistance.

Bangladesh has made remarkable economic development and poverty reduction over the past decade. Its average growth rate has been about 6.3% a year during the 10 years. Growth reached 7.3% last year.

On my last visit to Bangladesh in February, I saw firsthand the country’s significant development gains. People have better access to water and electricity, children are ambitious at schools, factories are safer, and businesses are growing.

ADB remains committed to building on our 45-year partnership with Bangladesh. ADB will keep helping the country’s continued economic and social progress through supporting railway, water and sewage, electricity, education and health, and promoting reforms.

Congratulations again to Bangladesh for meeting the criteria for middle-income status.

Thank you.