Bangladesh and the World Bank have signed two financing agreements totaling $850 million to help the country develop the Bay Terminal deep sea port and modernize the national social protection system to accelerate job creation and inclusive growth.
The agreements were signed yesterday in Washington DC by Economic Relations Division (ERD) Secretary Shahriar Siddiky and World Bank interim Country Director Dr Gayle Martin on behalf of the Bangladesh and the World Bank, respectively Dr Salehuddin Ahmed, Finance Adviser of Bangladesh Government, and Martin Raiser, World Bank Vice President for South Asia, were also present at the signing, according to a World Bank press release.
The financing is from the World Bank’s International Development Association (IDA). The World Bank was among the first development partners to support Bangladesh and has committed more than $45 billion in grants, interest-free loans, and concessional credits since the country’s independence.
“Bangladesh and the World Bank have a strong and longstanding partnership to help the country achieve inclusive growth and its development aspirations,” said Shahriar Siddiky, Secretary of Economic Relations Division, Government of Bangladesh.বিস্তারিত