Bangladesh is asked to borrow from the International Bank of Reconstruction and Development (IBRD), a hard-term lending arm of the World Bank, which extends costlier market-based loan that the country can ill afford at this stage of its graduation process, officials said.
The World Bank has suggested the country to take certain quantum of funds under the newly devised IDA-21 aid package through a window of the IBRD in addition to its ongoing IDA facilities, they said.
This segmentation of funding has designated Bangladesh’s status as ‘Blend Country’ that signifies its transitional state in-between an LDC and an MIC.
However, government authorities are noncommittal on borrowing the costly funds at this moment apart from the ongoing IDA and some other concessional facilities from the global lenders, a Ministry of Finance (MoF) official says.
“The WB has suggested that Bangladesh borrow loan from the IBRD in the upcoming three-year IDA-21 aid package as the country needs more investments from foreign sources. But Bangladesh is unwilling to enter into the IBRD lending window,” says a senior Economic Relations Division (ERD) official.বিস্তারিত