Coalition for Upgrading Bangladesh Economy
Upgrading and diversification are imperative for sustainable economic growth, especially considering the goals Bangladesh has set for itself. Additionally, this significant expansion of the economy is necessary as Bangladesh needs to provide employment to 2.2 million workers that are joining the workforce every year. The private sector cannot upgrade on its own as, a) there is a lack of incentives, and b) upgrading requires heavy investments in building infrastructure and creating a skilled workforce. Thus, collective action approach is necessary to successfully make this transition from low-value to high-value manufacturing. This model requires strong coordination between multiple stakeholders. As a civil society organization, YPF can play the role of an anchor.
Through the Coalition for Upgrading Bangladesh Economy (CUBE), YPF aims to bring together stakeholders from multiple sectors to advance a common goal of economic diversification and upgrading by ensuring accountability and constantly driving and monitoring progress.
THE GRAND CUBE LAUNCH
The #CUBE launching ceremony was joined by CXOs of national & multinational companies, world leading academics & researchers, top notch bureaucrats & visionary national leaders from the top political parties – all in all a crowd mixed with all stakeholders.
To identify the challenges to upgrading
To identify the priority sectors for diversification and upgrading
To implement interventions for upgrading through collective action
To establish a body for monitoring progress for economic upgrading