World Bank will provide $3.5 billion to Bangladesh to support the reform initiatives of Interim Government.
World Bank President Ajay Banga announced the support during a meeting with Bangladesh Chief Adviser Professor Muhammad Yunus on the sidelines of the UN General Assembly at the UN Headquarters in New York on Wednesday (25 September).
Banga, a long time friend of Professor Yunus, said at least $2 billion would be fresh lending and another $1.5 billion would be repurposed from the existing programmes.
He said the World Bank would support reforms in digitisation, liquidity, energy and power and transport.
During the meeting, Professor Yunus sought the World Bank support for the wide-range reforms the Interim Government had undertaken.
He asked the World Bank to be creative about its lending programme.
"It is a big opportunity to rebuild the country," he said.
The World Bank President discussed the energy sector cooperation in South Asia and how hydro-energy produced in Nepal and Bhutan could be shared by neighbours such as India and Bangladesh.
Energy and Power Adviser Fouzul Kabir Khan was also present in the meeting.
