WB to provide $3.5b to support Bangladesh’s reforms

Staff Correspondent
World Bank (WB) Group President Ajay Banga said the global lender would provide US$ 3.5 billion to
support reform initiatives of Bangladesh’s interim government.
The WB president 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 here on Wednesday (local time).
Banga, a long-time friend of Prof Yunus, said at least US$ two billion would be provided as fresh lending
while another US$ 1.5 billion would be repurposed from the existing programmes.
He said the WB would support reforms in digitisation, liquidity, energy, power and transport sectors in
Bangladesh.
During the meeting, Prof Yunus sought the World Bank’s support for the wide-range reforms the Interim
government had taken.
He asked the WB to be creative about its lending programme.
"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.
Energy and Power Adviser Fouzul Kabir Khan was present at the meeting.