According to the report, Bangladesh recognizes that economic prosperity must be balanced with environmental stewardship. This approach not only safeguards the environment but also fosters social benefits and economic resilience. Key strategies proposed include institutional strengthening, regulatory reforms, and innovative financing mechanisms to support climate-responsive public and private investments.

Abdoulaye Seck, World Bank Country Director for Bhutan and Bangladesh, emphasized the importance of sustainable growth, stating, “Global experience shows that growth that harms the environment cannot be sustained. On the other hand, green growth can offer a strong and effective way to reduce poverty while safeguarding our environment, essentially serving as a catalyst for growth.”

The report outlines nine policy directions aimed at achieving effective environmental governance, promoting renewable energy trade, and investing in green industries and human capital. These efforts are expected to pave the way for a just transition to a resilient, green, and healthy society. Eun Joo Allison Yi, World Bank Senior Environmental Specialist and co-author of the report, stressed the need for coordinated efforts among ministries, public and private sectors, and development partners to implement these policies effectively.

Furthermore, the report underscores the importance of public-private partnerships in advancing Bangladesh’s Green Growth agenda. It recommends creating a governance framework for sustainable growth and enhancing institutional capabilities to support green financing across sectors.

In conclusion, the World Bank report sets a comprehensive framework for Bangladesh’s journey towards sustainable development, emphasizing CSR principles that prioritize environmental sustainability, social equity, and economic resilience. By aligning economic strategies with environmental goals, Bangladesh aims to build a future that is both prosperous and environmentally sustainable.