Bangladesh has achieved sustained growth of over 6% per year since Fiscal Year 2007. Poverty has halved since 2000, meeting an important Millennium Development Goal target. The gender gap has narrowed, and the country has made progress in providing access to health and basic social services.
The major challenges facing Bangladesh now include:
- accelerating the annual rate of growth to 7% and above to move closer to upper middle-income status,
- diversifying the economic base and creating new sources of growth,
- making growth more inclusive and reducing poverty by creating jobs and supporting rural development,
- increasing transparency and accountability by addressing institutional and policy weaknesses, and
- reducing vulnerabilities to environmental degradation and climate change.
Strategic objectives and priorities
ADB will adopt a broad-based approach in order to respond flexibly to the needs and demand of Bangladesh over the country partnership strategy (CPS) period, 2016-2020.
ADB assistance is strongly aligned with the Bangladesh government’s Vision 2021 and its Seventh Five-Year Plan, which lays out a roadmap for higher, sustainable and inclusive growth.
Based on ADB’s core strengths, CPS 2016-2020 will help ease infrastructure constraints, boost human capital, promote economic corridor development, improve rural livelihoods, and provide climate- and disaster-resilient infrastructure and services. The CPS will promote investment and growth in specific geographical areas to ensure a more integrated and higher impact.
ADB will increase public- and private-sector lending to Bangladesh to $8.0 billion for 2016 through 2020 to help the country build the infrastructure and skills needed for a strong, diversified economy and to strengthen trade links within the region.
ADB will help the development of economic corridors to position Bangladesh well in regional and global value chains. The CPS supports further development of the Dhaka-Chittagong industrial artery, extending to Cox’s Bazar in the southeastern part of the country, and development of the southwest economic corridor from Dhaka.
The country operations business plan (COBP), 2017–2019 updates the Bangladesh COBP, 2016–2018, aligning it closely with strategic priorities of the Bangladesh country partnership strategy (CPS), 2016–2020.
In line with the strategies, priorities, and thematic objectives set out in the CPS, 2016–2020, the 2017–2019 program will continue supporting government efforts to diversify the economy for industrial development, transform the rural economy, and develop better rural–urban linkages to ensure inclusiveness.
Latest Country Strategies and Business Plans
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.