The World Bank and the International Finance Corporation (IFC) will provide technical and financial assistance to reform three key sectors, including banking, financial institutions, and the energy sector in Bangladesh, said Finance and Commerce Adviser Dr Salehuddin Ahmed.
"Both the World Bank and IFC had expressed their commitment to supporting the reform process. However, the exact amount of aid is yet to be determined and will be discussed at the International Monetary Fund (IMF) conference in October," he said following a meeting with representatives from the World Bank and IFC on Sunday (29 September).
Earlier, on 24 September, following a meeting with an IMF delegation, the adviser mentioned that technical assistance was requested from the IMF for reforms in the banking sector, VAT and revenue structures, prevention of money laundering, and the overall financial sector.
Similar support has also been sought from the World Bank and other organisations.
He clarified that the specific amount of financial assistance from the IMF has not been decided yet and will be finalised during the IMF board meeting in October.
