WB to Provide $2B to Bangladesh

Staff Correspondent || 2024-09-19 04:33:26

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The World Bank will provide $2 billion to Bangladesh in the current fiscal year 2024-25 revealed by Martin Riser, Vice President of the South Asia region of the World Bank.

He informed this while talking to reporters after the meeting with Finance Advisor Dr. Salehuddin Ahmed on Thursday (September 19).

Martin Riser said, "This is an important time for Bangladesh to do something. Especially a great time to reform. We can assist. However, board approval is required before announcing the amount of financial assistance."

He also said that he can pay $2 billion in several stages by next June. Some are for budget support and some will be given to support the energy sector.

Financial advisor Dr. Salehuddin Ahmed told media persons that budget support, food security, and post-flood issues were discussed in the meeting. They will help in this regard.

He also said that the World Bank will provide funds and technical assistance.

Earlier, after the meeting with the donor organization on September 17, the financial advisor said that in addition to the loan assistance of $1 billion for the reform of the financial sector, a part of the loan assistance will be provided to meet the budget deficit this year.

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