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WorLD EConomiC Forum in 2019

Sheikh Hasina, Bangladesh growth story in focus

Published : 28 Dec 2019 09:01 PM | Updated : 06 Sep 2020 09:14 AM

The World Economic Forum has highlighted Prime Minister Sheikh Hasina and Bangladesh’s ‘extraordinary economic growth’ in its 2019 list of key moments.

The prestigious international organization for public-private cooperation featured the Prime Minister at number four of its list ‘the World Economic Forum's year in pictures – key moments of 2019’.

Hasina was one of the co-chairs at the Forum’s India Economic Summit 2019 in New Delhi in October, which focused on the theme, ‘Innovating for India: Strengthening South Asia, Impacting the World’.

“Once one of the world’s poorest nations, Bangladesh is now the fastest-growing economy in Asia, and could lose its ‘least developed country’ status within five years – in part because of its agile economic approach,” the Economic Forum said. “As the World Economic Forum’s Global Competitiveness Report 2019 shows, enhancing competitiveness is key to improving living standards. The number of employed workers living below the poverty line in Bangladesh dropped from 73.5 percent in 2010 to 10.4 percent in 2018,” it highlighted.

The World Economic Forum had a busy year, beginning with climate activist Greta Thunberg's remarks at the 2019 Annual Meeting in Davos. Other highlights include discussions about the Middle East, and how to solve plastic waste problem.

Hasina was the first elected Bangladesh leader to have been invited to attend the World Economic Forum in 2017.

The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.

It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests. 

They will organise an event focusing on Bangladesh during its 2021 conference at Davos in Switzerland after holding another on Bangabandhu Sheikh Mujibur Rahman in Dhaka in 2020.