Net worth: Employment is on the up in Bangladesh
The EBRI Q1 results show Bangladesh moving from tier-two to tier-one status for the first time since signing 27 agreements with China in 2016 for investments and loans worth approximately $20 billion to $25 billion.
It is among the majority of countries (53 out of a total of 68) that have shown improving year-on-year index values, and is one of only three tier-one countries, alongside Ethiopia and Laos, showing the most impressive gains.
Tier-one investor climates in the EBRI rankings are those that have all shown the biggest improvement in their growth rates and/or politico-economic and structural risk situation since China’s Belt and Road Initiative (BRI) – also known as the One Belt, One Road – was first unveiled by president Xi Jinping in 2013.
These rapid gains are understandable to M Nicolas Firzli – director-general of the World Pensions Council, and advisory board member of the World Bank Global Infrastructure Facility – who was one of the original coiners of terms such as the ‘New Silk Road’ and ‘infrastructure-driven development’.