DHAKA, 02 April 2022, (TON): World Bank has approved a $250 million financing to help Bangladesh strengthen its policies to sustain growth following the pandemic and enhance resilience to future shocks.

The Bangladesh First Recovery and Resilience Development Policy Credit, the first in a series of two credits, supports fiscal and financial sector policies to enhance macroeconomic stability and sustain growth.

It supports expanding and modernizing social protection programs and energy sector policies to improve efficiency and reduce greenhouse gas emissions.

World Bank said in a release “these actions will help the country build resilience against future shocks, including climate change.”

World Bank country director for Bangladesh and Bhutan, Mercy Tembon said “since 2020, the World Bank has provided over $3 billion to Bangladesh to support emergency response, vaccination, and other Covid-19 recovery efforts.”

“This credit will further accelerate the government’s endeavours to strengthen its policies and regulatory framework to pave the way for a green, resilient, inclusive recovery and low-carbon growth.”