Dhaka, April 3 -- The World Bank (WB) had shown the economic growth rate 5.8 per cent in the fiscal year 2023 while it has forecasted that the economic growth for 2024 fiscal year will be 5.6 per cent.

Apart from it, bank mergers in Bangladesh need to be more cautious. The World Bank believes that banks should be merged based on asset quality and specific policies.

The global lending organisation is also opined that monetary policy should be tightened further to control the high inflation of Bangladesh.

Abdoulaye Seck, World Bank Country Director for Bangladesh and Bhutan came up with this while releasing the World Bank's twice-yearly-update on Bangladesh Development Update in the city on Tuesday.

According to the report, despite Stro...