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Bangladesh’s poverty declines to 11.9%: World Bank

Excellent economic recovery from the COVID-19 but the war in Ukraine and associated sanctions may lead to a higher current account deficit and rising inflation as global commodity prices surge.

"Following a strong economic recovery from the pandemic, estimated poverty declined to 11.9 percent in FY21 from 12.5 percent in FY20, as per the international poverty rate," said Mercy Tembon, World Bank country director for Bangladesh and Bhutan. Tembon said going forward, close monitoring of inflation and the potential impacts of the war in Ukraine will be important for the country's sustainable and inclusive growth.

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poverty, covid-19, bangladesh economy, economy, bangladesh, english, highlight

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