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>smooth political transition must to save economy: WB

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>THE World Bank (WB) yesterday said Bangladesh’s economy would be affected unless a smooth political transition takes place through election, but it would continue to support the country’s development agendas. (Read full report)
“If the political transition does not happen as predicted, any uncertainty is going to affect the economy, private sector and investor confidence,” said Praful Patel, WB vice-president for South Asia.
Patel was speaking at a press conference yesterday at the end of his two-day visit to Dhaka.
During his visit, Patel met with Chief Adviser Fakhruddin Ahmed and other advisers to discuss the government’s wide-ranging governance and economic policy reform agendas including holding of a general election.
The WB official also met with the Chief of Army Staff General Moeen U Ahmed.
“A smooth political transition would be good for all,” he said, adding that everybody would prefer not to go back to the pre-1/11 situation.
Referring to his talks with the “key players” of the caretaker government, Patel said the electoral roadmap is on track as voter registration and reforms in election rules by the Election Commission have been put in place for a better election.

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