WB to provide $3.5b to support reforms

WB to provide $3.5b to support reforms

World Bank (WB) Group President Ajay Banga today said the global lender would provide US$ 3.5 billion to support reform initiatives of Bangladesh 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.