“At least $2 billion will be new loans and another $1.5 billion will be recycled from existing programs,” Ajay Banga said.
The World Bank will provide a three-and-a-half billion US dollar soft loan to Bangladesh to support the reform initiatives of the interim government.
New York local time yesterday (Wednesday) at the United Nations Headquarters in the United Nations General Session, the chief adviser Professor Dr. World Bank President Ajay Banga met Muhammad Yunus. At this time, the World Bank President announced this assistance.
“At least $2 billion will be new loans and another $1.5 billion will be recycled from existing programs,” Ajay Banga said.
He said that the World Bank will provide this loan to support digitization, liquidity crisis, energy and power and transport sector reforms. During the meeting, Professor Yunus requested the assistance of the World Bank for the comprehensive reform program undertaken by the interim government.
Yunus called for innovation in the World Bank’s lending program. “This is a great opportunity to rebuild the country,” he said.
The World Bank President discussed energy sector cooperation in South Asia and how hydropower generated in Nepal and Bhutan could be shared with neighboring countries including India and Bangladesh. Energy and Power Advisor Fawzul Kabir Khan was present during the meeting.
