Bangladesh has been a development success story. A remarkable export-oriented expansion of the garments sector and robust inflows of remittances propelled strong economic growth and rapid poverty reduction. Now the country seeks to graduate from the Least Developed Country group in 2026 and become an upper-middle-income economy by 2030. However, the current growth model is reaching its limits. GDP growth is at risk of slowing down, as contribution to growth from exports has declined and job creation stalled—when 2.5 million people enter the labor force every year. Going forward, it will be important to revitalize growth as prominent development challenges remain. Around 40 million Bangladeshi, or one quarter of population, live below the poverty line. The country faces some of the highest climate risks in the world, and Dhaka is one of the largest most polluted and congested cities in the world.