April 2021 Bangladesh Development Update

Bangladesh Development Update Moving Forward: Connectivity and Logistics to Strengthen Competitiveness April 2021 Bangladesh Development Update Moving Forward: Connectivity and Logistics to Strengthen Competitiveness April 2021 The World Bank Office, Dhaka Plot E-32, Agargaon Sher-e-Bangla Nagar Dhaka 1207, Bangladesh Tel.: (880-2) 5566-7777 Fax: (880-2) 5566-7778 Standard Disclaimer: This volume is a product of the staff of the International Bank for Reconstruction and Development / The World Bank. The findings, interpretations, and conclusions expressed in this paper do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.

balance of payments surplus rose in FY20 and the first half of FY21. The exchange rate remained stable, and foreign exchange reserves remained at adequate levels. The pandemic has reversed the country’s steady trend of poverty reduction the past two over decades, at least temporarily. Widespread losses in employment and labor earnings caused a

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