Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1092 Wed. June 27, 2007  
   
Business


WB wants RMG sector to be more competitive


Apprehending job loss after removal of the multi-fibre agreement, the World Bank has suggested further investment in RMG sector of Bangladesh to make it more competitive.

The apprehension of the lending agency was manifested in its report titled 'Reducing poverty in Dhaka: A priority for all'.

"The impact of the removal of the Multi-Fibre Agreement quotas on the readymade garment (RMG) sector at the end of 2004, while being difficult to quantify, will likely result in job losses and so, the country will have to invest in making this sector more competitive," the report said.

It suggested development and implementation of a comprehensive strategy for urban poverty reduction, reform and building the capacity of key urban agencies and institutions, implementing the National Housing Policy to ensure shelter for the poor, improve service delivery and access to infrastructure for the urban poor and address crime and violence in slum areas to uplift the condition of the poor people in Dhaka.