World Bank to give a loan of 3.5 billion dollars to Bangladesh for reform work

The World Bank will provide Bangladesh a $3.5 billion loan on favorable terms to support reforms by the interim government. This was announced during a meeting between Bangladesh's Chief Advisor, Professor Muhammad Yunus, and World Bank President Ajay Banga on the sidelines of the UN General Assembly in New York on September 25. Of the total amount, $2 billion will be in new loans, while $1.5 billion will come from existing programs. The funds will aid reforms in digitization, the liquidity crisis, and the energy, power, and transport sectors. Yunus emphasized the importance of World Bank support for the interim government's comprehensive reform agenda. Discussions also covered regional energy cooperation in South Asia, involving hydropower from Nepal and Bhutan.