Bangladesh may have a hard time sustaining its recent 6 percent average growth rate given the country’s current infrastructure and energy deficit, according to the 2010 Bangladesh Economic Update released by the World Bank. The World Bank recommends domestic reforms to address these challenges and encourages Bangladesh to increase trade with its neighboring countries. The government appears to be taking steps to tackle the energy shortage issue. Bangladeshi Prime Minister Sheikh Hasina has encouraged the Korean business community to invest in renewable energy, infrastructure and energy efficiency projects in Bangladesh. The prime minister visited Korea on May 16 to discuss joint cooperation projects with the East Asian country’s political and business leaders.

Meanwhile, news agencies say that thousands of Bangladeshis affected by a strong cyclone in 2009 are still suffering from disease, hunger, lack of safe water and poor sanitation. Aid flow to the most affected regions is spotty. Several residents in these areas said corruption, apathy and mismanagement are among the factors causing the delay in aid delivery, Reuters report.

About the author

  • Ivy mungcal 400x400

    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.