Bangladesh signs $2.25 billion loan deal with World Bank
The World Bank will provide 2.25 billion US dollar as a loan to Bangladesh to develop various sectors, including regional trade and connectivity, disaster preparedness and environmental management.
A loan agreement was signed between Bangladesh and the global lender at the World Bank headquarters yesterday (Washington time).
Sharifa Khan, secretary of the Economic Relations Division (ERD), and Abdoulaye Seck, Country Director, World Bank in Bangladesh signed the financing agreements on behalf of Bangladesh and the World Bank respectively, said a press release issued by the Bangladesh's Ministry of Finance.
Bangladesh's Premier Sheikh Hasina and World Bank President David Malpass were present during the exchanges of the financing agreement.
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