CA urges WB to help recover BD’s stolen funds

Staff Reporter :

World Bank President Ajay Banga met with Chief Adviser Professor Muhammad Yunus on the sidelines of the United Nations General Assembly (UNGA) at UN Headquarters in New York on Tuesday.

During the meeting, the two leaders discussed a range of critical issues, including the upcoming national election in February, the country’s democratic transition, fiscal and banking sector reforms, the revitalization of the Chittagong Port, regional economic integration, and the growing political engagement of youth across Asia.
According to CA Office, both sides also discussed the recovery of billions of dollars in stolen assets.

President Banga praised Professor Yunus for his leadership over the past 14 months, highlighting his pivotal role in steering Bangladesh’s economic recovery.
In response, Professor Yunus expressed gratitude for the World Bank’s steadfast support during what is described as one of the most critical periods in the nation’s history.

The Chief Adviser urged the World Bank to assist in recovering the stolen funds and support the reform and modernization of the Chittagong Port, emphasising its potential to generate millions of manufacturing jobs and enhance regional cooperation.

“Chattogram Port is key to economic growth in the region. Let’s develop together,” Professor Yunus said, noting that landlocked Nepal and Bhutan, as well as India’s seven northeastern states, stand to benefit significantly from an upgraded port.

President Banga underscored the importance of robust reforms in the banking and fiscal sectors, stating that they are essential to laying the foundation for sustained, high-growth economic development.

Also present at the meeting were Energy Adviser Fouzul Kabir Khan, Special Envoy of the Chief Adviser Lutfey Siddiqi, and SDG Coordinator Lamiya Morshed.