CURRENT AFFAIRS

Detailed explanation-1: -World Bank has appreciated which country for its transition from poorest to one of the fastest growing countries? Notes: World Bank (WB) Managing Director Axel van Trotsenburg lauded Bangladesh as one of the world’s greatest development stories.

Detailed explanation-2: -India. India’s GDP grew by 8.7% in 2021, reaching $3.1 trillion, making it the fastest-growing major economy in the world. Furthermore, India’s per capita income has doubled in the last decade, and poverty rates have declined significantly.

Detailed explanation-3: -Bangladesh has made significant progress in bridging gaps between low and high-opportunity groups, particularly in the education sector, said Abdoulaye Seck, World Bank country director for Bangladesh and Bhutan.

Detailed explanation-4: -Of the world’s 736 million extreme poor in 2015, 368 million-half of the total-lived in just 5 countries. The 5 countries with the highest number of extreme poor are (in descending order): India, Nigeria, Democratic Republic of Congo, Ethiopia, and Bangladesh.