Dhaka, Oct. 10 -- The global lender made the forecast in a report - 'Bangladesh Development Update, October 2019: Tertiary Education and Job Skills' published in Dhaka on Thursday.

It hailed growth in remittances and net exports and rise in net foreign direct investment, but said private sector credit growth was weak and bank liquidity remains constrained.

Non-performing loans continued to rise in the banking sector, the World Bank noted.

The report warns about an uncertain global outlook and domestic risks in the financial sector.

"Exchange rate appreciation is also a challenge for Bangladesh's trade competitiveness," it said.

The report urged for reforms in the financial sector, including revenue mobilisation and doing business, al...