During a recent meeting at the UN General Assembly in New York, World Bank President Ajay Banga announced a substantial financial commitment to Bangladesh.
The World Bank will provide $3.5 billion to support the interim government’s ambitious reform agenda. This package includes $2 billion in new loans and $1.5 billion redirected from existing programs.
Banga, a close associate of Bangladesh’s Chief Adviser Professor Muhammad Yunus, emphasized the importance of this funding in driving reforms in key sectors such as digitization, liquidity, energy, power, and transport.
He highlighted the potential for regional cooperation in energy, particularly the sharing of hydro energy resources from Nepal and Bhutan with neighboring countries like India and Bangladesh.
Professor Yunus, in turn, expressed his gratitude and urged the World Bank to adopt innovative approaches in its lending practices. He underscored the significance of this opportunity to rebuild and modernize the country.
Energy and Power Adviser Fouzul Kabir Khan also participated in the discussions, reinforcing the collaborative spirit of the meeting.
