World Bank releases its report ‘South Asia Economic Focus, Making (De) Centralization Work’

The World Bank has recently released its report titled ‘South Asia Economic Focus, Making (De) Centralization Work’. As per report, Bangladesh has become the 2nd fastest growing economy in south Asia after Bhutan. The report point out that Bangladesh’s economy is likely to maintain growth above 7% i.e. supported by a robust macroeconomic framework, political stability, and strong public investments. However, the report stated that the financial sector vulnerability, fiscal pressures and loss of external competitiveness pose challenges to its growth rate.