Business Report :
The World Bank will support the reform of Bangladesh’s banking sector, and is likely to provide a total of $2 billion in support in the current FY25, which would include budgetary support and project assistance.
Martin Raiser, vice-president for South Asia at the World Bank, and Finance and Commerce Adviser Salehuddin Ahmed said on Thursday after a meeting between the two at the latter’s Secretariat office.
Regarding the meeting, Salehuddin Ahmed said: “Discussions covered various topics with the World Bank, such as budget support, health and energy, fertilizer imports, and food self-sufficiency. Issues like post-flood rehabilitation and the Rohingya crisis were also discussed.”
Speaking to reporters, the adviser also said: “The reforms undertaken in the banking sector will receive support from the World Bank.”
Furthermore, the adviser stated that the reforms undertaken seemed credible to the World Bank.
“We also discussed issues related to boosting investment in the private sector and addressing various challenges in business and trade. They have assured us of their assistance, and we will receive the necessary support,” he added.
“We talked about support for the Rohingya refugees. The World Bank was very positive about all the proposals we presented, and they provided concrete responses.