The WB makes the forecast in a report, ‘Bangladesh Development Update, October, 2014′ published on Tuesday.
In the report, the WB also suggested Bangladesh to prioritise four immediate agenda, including compliance reforms in readymade garment (RMG) sector and speedy completion of key development projects, for accelerating the GDP growth.
Speaking at a press conference on the report at its Dhaka office, WB lead economist in Bangladesh Zahid Hussain said Bangladesh can boost its GDP growth up to 8 per cent within the next four to five years if the four immediate agenda are implemented.
The key development projects mentioned in the report are Dhaka-Chittagong and Dhaka-Mymensingh highways, double tracking of Dhaka-Chittagong railway, the Padma Bridge, the Dhaka Metro Rail and the two large power plants based on Bibiyana gas field.
The report also recommended finalising the awards for the proposed economic zones under Bangladesh Economic Zones Authority (Bepza).