OECD upgrades Bangladesh's rating by one notch
(MENAFN) The Organization for Economic Cooperation and Development (OECD) has upgraded its rating for Bangladesh, in a move that should make it easier for local entrepreneurs and banks to secure credit, Arab News reported.
The central bank governor said the OECD aimed at improving the economic and social well-bring of people around the world, had raised its country rating for Bangladesh by one notch to 5 from 6.
The upgrade puts Bangladesh on a higher rating than neighboring countries such as Pakistan, Sri Lanka, Nepal, Myanmar and Mongolia in the OECD country classification, though behind India.
The central bank governor said the OECD aimed at improving the economic and social well-bring of people around the world, had raised its country rating for Bangladesh by one notch to 5 from 6.
The upgrade puts Bangladesh on a higher rating than neighboring countries such as Pakistan, Sri Lanka, Nepal, Myanmar and Mongolia in the OECD country classification, though behind India.
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