Govt seeks more cheap loans from WB

DHAKA, 14 November 2022, (TON): The government yesterday sought more loans in concessional terms from the World Bank despite being the largest recipient of such funding as well as more budget support as it looks to shake off the impacts of the pandemic and the Ukraine war.

The call came during Finance Minister AHM Mustafa Kamal's meeting with Martin Raiser, the WB's vice-president for the South Asia region, and Abduoulaye Seck, the incoming country director for Bangladesh and Bhutan.

In IDA20, the World Bank Group's ongoing concessional lending cycle for the world's 74 poorest countries, Bangladesh would be receiving $6.15 billion, up 29.5 percent from IDA19.

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