Photo: Collected
The World Bank (WB) has said that the global lender would provide US$ 3.5 billion to support reform initiatives of Bangladesh’s interim government.
Dr Yunus sought the World Bank’s support for the wide-range reforms the Interim government had taken. Photo via state news agency
The WB Group President Ajay Banga announced the assistance at a meeting with Bangladesh Chief Adviser Professor Muhammad Yunus on the sidelines of the United Nations General Assembly (UNGA) at the UN Headquarters on Wednesday (September 25).
The WB President, a long-time friend of Prof Yunus, said at least US$ 2 billion would be provided as fresh lending while another US$ 1.5 billion would be repurposed from the existing programmes.
President Ajay Banga said the WB would support reforms in digitisation, liquidity, energy, power and transport sectors in Bangladesh.
Meanwhile, Dr Yunus sought the World Bank’s support for the wide-range reforms the Interim government had taken.
"It is a big opportunity to rebuild the country," he said.
The WB president discussed the energy sector cooperation in South Asia and how hydro energy produced in Nepal and Bhutan could be shared by neighbours such as India and Bangladesh.
