Country Director of this Manila-based development bank Manmohan Parkash says Bangladesh needs a development model that promotes “equitable development” in the country – a model which is “inclusive, sustainable and resilient”. Schuster shared German development model which was achieved by decentralised demographic and industrial development, expanding SME financing and providing education, infrastructure and digitisation in local areas. “I am the product of dual education,” he said, among many other aspects of German development model. On being asked about the feasibility of German model in Bangladesh, he said it took 200 years for Germany to come to this stage. The quality of life is getting affected.”He said Bangladesh needs to diversify its economic base and create new sources of growth.

Source: bd News24 April 02, 2019 16:07 UTC