The World Bank can provide financial assistance of 2 billion dollars to Bangladesh.
After the United States, the World Bank has now also opened its coffers for Bangladesh. According to the report, the World Bank can provide Bangladesh with financial assistance of 2 billion dollars in the current financial year. Early on Sunday, the news broke that the United States will also help Bangladesh with 200 million dollars. The “Development Goal Grant Agreement (DOAG)” has been signed between the two countries. Bangladesh, which is in an economic crisis, has been helped. Let us also tell you what the World Bank has said about this?
What will Bangladesh do with this money?
The World Bank said on Tuesday that it may donate an additional amount of two billion dollars to Bangladesh in the current financial year. This amount will go towards important reforms, related to floods, improving air quality and health services. World Bank Regional Director Abdoulaye Seck promised fresh assistance when he met with the interim government’s chief adviser Muhammad Yunus in Dhaka on Tuesday. So that Bangladesh can be rescued from this economic crisis.
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The World Bank has pledged to increase lending to Bangladesh this fiscal year to help the interim government’s reform agenda, its country director Abdoulaye Seck said on Tuesday. pic.twitter.com/TDu28lCk2L
— Chief Adviser to the Government of Bangladesh (@ChiefAdviserGoB) September 17, 2024
What did the World Bank say?
Seck said the World Bank is committed to increasing its lending to Bangladesh in the current financial year to support the interim government’s reform agenda. The Chief Advisor gave information about this through a post on X. Yunus wrote on Twitter that… According to the SEC, the World Bank can provide additional financing of about two billion dollars in the current financial year to support critical reforms, flood response, air quality improvement and health services.
The United States has also given money
Earlier, the US had also handed over a cheque of 200 million dollars to Bangladesh. For this financial assistance provided by the US side, an agreement was signed in Dhaka between AKM Shahabuddin, Additional Secretary to the Finance Minister of Bangladesh, and Reed J. Eshliman, Director of the American International Development Organization. According to the Bangladesh Finance Ministry, this money will be used for the welfare of youth, improving health services and increasing business opportunities.
