World Bank to give $3.5bn in loans for Bangladesh reforms
The World Bank has announced a $3.5 billion in loan assistance to Bangladesh as part of the interim government’s efforts to initiate reforms.
On Wednesday, WB President Ajay Banga met Chief Advisor Muhammed Yunus on the sidelines of the United Nations General Assembly and announced the loan, the chief advisor’s press wing said.
Ajay, a long-time friend of Yunus, said at least $2 billion would be part of a new loan while $1.5 billion would be reused from the existing programme.
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