Production Transformation Policy Review of Bangladesh
Investing in the Future of a Trading Nation
Half a century after independence, Bangladesh has achieved impressive progress. The
country has transformed from one of the poorest nations into a global textile manufacturing
hub capable of meeting its medical needs almost entirely through domestic pharmaceutical
production. The country will graduate from the least developed country (LDC) category
in 2026 and aspires to be a high-income nation through industrialisation by 2041.
Meeting this challenge requires accelerating economic transformation through diversification
and innovation. This Production Transformation Policy Review (PTPR), implemented with
the support and collaboration of the European Union (EU), and in partnership with
the UN Conference on Trade and Development (UNCTAD), identifies concrete options for
supporting Bangladesh’s development. It calls for leveraging digitalisation to address
persistent fragilities and it advocates for a new pact based on shared responsibilities
between the national government, the private sector and international partners to
shift to a new development phase and ensure sustainable, smooth and irreversible graduation.
Published on September 12, 2023
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