WB likely to provide $2bn financial support to Bangladesh

The World Bank is likely to extend up to $2 billion in financial support to Bangladesh in the current fiscal year, focusing on crucial sectors such as health, energy and budget assistance.

WB Regional Vice President for South Asia Martin Reiser came up with the announcement following a meeting with Finance and Commerce Advisor Salehuddin Ahmed at the Secretariat in Dhaka on Thursday.

Reiser put importance on the WB’s long-standing partnership with Bangladesh, saying that they are committed to continuing their support.

The $2 billion aid package, some of which will go towards budget support and the rest to crucial sectors, he said.

Finance Advisor Salehuddin Ahmed said that the meeting also covered discussions on topics like health, energy, food security and flood rehabilitation, as well as the Rohingya crisis.

He mentioned that the WB is positive about these issues and plans to coordinate with other organizations for Bangladesh's development.

The World Bank Country Director for Bangladesh and Bhutan was also present during the meeting.

Martin Raiser reached Dhaka on 18 September for a two-day visit.

He is also set to meet Dr Muhammad Yunus, chief adviser of the Interim Government during his stay.