Dhaka, Nov. 3 -- Around 44 percent of university graduates in Bangladesh are employed in the informal sector, highlighting the country's struggle to translate higher education into formal employment opportunities, according to a World Bank report released on Tuesday.

Bangladesh has about two decades to fully harness its demographic dividend before the share of its working-age population peaks in 2045, but urgent reforms are needed to translate this opportunity into better jobs, higher productivity and sustainable economic growth, the World Bank has warned.

The warning came in a new World Bank report titled Demographic Change in South Asia: From Tailwinds to Headwinds for Development, released on Tuesday.

According to the report, Bangla...