WB to give Bangladesh $1500cr for 55 projects

Staff Reporter :
The World Bank (WB) will give $1500 crore to Bangladesh as loan to implement 55 new projects, (equivalent to Bangladeshi currency approximately about Tk 1.38 lakh crore).
Mercy Tembon, the World Bank’s outgoing Country Director for Bangladesh and Bhutan, said this at the farewell meeting at the Planning Minister’s office at Sher-e-Bangla Nagar in the city on Monday.
At this time, Mercy Tembon and Planning Minister MA Mannan discussed various aspects of financing in Bangladesh. Mercy Tembon will leave Bangladesh soon after being promoted to join the World Bank as Vice President.
Marcy Tembon said, the World Bank released 80 lakh dollars for Bangladesh in the last three years. The World Bank has committed to finance 1500 crore US dollars in 55 new projects for Bangladesh.
“I am impressed with the development of Bangladesh. Bangladesh has continued to develop since the time of Covid-19. Since I will be the Vice President of the Board of the World Bank, I will have a role in every Board meeting. Especially if any issue of Bangladesh comes up in the World Bank board meeting, I will continue to try my best,” she said.
Planning Minister MA Mannan said that the economy of Bangladesh can turn around from September as several indicators bear that impression.
Meanwhile, remittance flows and exports have increased; the minister said, adding that like other countries in the global crisis, Bangladesh is also in some crisis.
However, the country’s economy will be on the path to recovery from next month with the multifaceted initiatives of our government.
The Planning Minister said that despite the strained relations with the World Bank, this international organization is an important partner in the development of Bangladesh.
Bangladesh wants more funding from the organization for the development of education and rural infrastructure in the future. The minister hopes that this cooperation will continue from the side of the World Bank.