Fida Hassan Rana

10/7/2006

POOR infrastructure amenities retard economic growth and plunge any country into a vicious cycle of underdevelopment. Improving infrastructure is increasingly being recognised as a key factor in fighting poverty. According to World Bank estimates, the impact of infrastructure on poverty reduction in the late 1990s showed that infrastructure investments cut poverty by as much as 2.1 per cent in low-income countries and 1.4 per cent in middle-income countries. Another World Bank study reveals that developing countries need to invest about seven per cent of GDP for both investment in new as well as maintenance of existing infrastructures. For low income countries, the requirement can potentially be as high as nine per cent of GDP. Based on this estimate, Bangladesh needs to invest approximately US$ 5.5 billion every year for new and existing infrastructure.

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Posted by pichu at October 7, 2006 12:01 AM