World Bank President David Malpass has reaffirmed strong support for Bangladesh and its people as the country navigates unprecedented global challenges.

The WB chief made the remarks at an event organised to celebrate the 50 years of partnership between Bangladesh and the World Bank at the headquarters of the multinational lender in Washington yesterday.

Prime Minister Sheikh Hasina and the World Bank president also inaugurated a photo exhibition on the occasion.

"As Bangladesh is the largest development partner, we welcome its progress in income growth and poverty reduction. We are committed to continuing our support to enable the private sector, create new job opportunities, broaden the tax base, strengthen the financial sector, and build the country's resilience to economic and climate shocks," said Malpass in a press release. 

"Many countries can learn from Bangladesh's development successes. The country stands out for its innovative approaches to reducing poverty in record time, empowering women, achieving wide-spread electricity access, and adapting to climate change," he added.