The Development Of The Millennium Development Goals Essay

1144 Words Nov 5th, 2016 5 Pages
The Government of Bangladesh, extending on its Vision 2021, made the pledge to drive Bangladesh over the boundary of middle income country and enter the realms of first world nations in 2041, riding on the fast turning wheels of peace, democracy, development and progress. There is little doubt the Vision is highly ambitious but it is also entirely feasible. In fact, with sound macroeconomic fundamentals, exemplary achievements on most of the Millennium Development Goals (MDGs) and as one of the potential contenders to achieve Sustainable Development Goals within deadline, one might even argue the country is ahead of the curve to becoming a developed nation by 2041.
However, that is not to say that achieving Vision 2041 would be an easy task as the goal is enormous. The government cannot achieve it alone. Apart from engagement of the private sector, it needs the backing of a strong development bank and Asian Development Bank (ADB) should be that bank. Achieving Vision 2041 would require twice the development finance the country is receiving now, which renders the need for a stronger partnership with ADB more urgent than ever before.
As a banker of developing Asian countries, the business case for ADB increasing its investment in Bangladesh’s development efforts is glaringly straightforward. As one of the key emerging economies, sharing the spotlight with Asian giants such as China and India, Bangladesh is steadily reaping the benefits from inflows of remittances, a strong…

Related Documents