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Bangladesh needs to create 21 million jobs in next 10 years

Staff writer ▼ | December 15, 2015
World Bank (WB) Senior Vice President and Chief Economist Kaushik Basu said creating more higher-skilled jobs is a top priority for Bangladesh.
Kaushik Basu
Asia   World Bank Chief Economist Kaushik Basu:
The chief economist also commended the country's remarkable development progress. Basu made his observations while meeting Prime Minister Sheikh Hasina.

He praised Bangladesh's efforts to create more and better jobs, a prerequisite for reducing poverty and boosting shared prosperity.

Since 2003, the country has been able to create 14 million higher-value jobs and bring more women into the workforce, which has lifted millions of people out of poverty, said Basu, adding 75 percent of the new jobs created were in the manufacturing and service sector.

"But, there is no time for complacency. Bangladesh needs to create 21 million jobs in the next 10 years for the new entrants in the job market. The country needs to address infrastructure bottlenecks, improve business and investment in climate and enhance the quality of education and vocational training to create adequate jobs for its youths."