Bangladesh seeks more cheap loans from World Bank
This fiscal year, Bangladesh is expected to receive US$500 million from the WB in budget support, with the same amount expected next fiscal year as well.
This fiscal year, Bangladesh is expected to receive US$500 million from the WB in budget support, with the same amount expected next fiscal year as well.
Payment for the $11.39 billion loan is scheduled to begin from March 2027 or two years after commercial operation begins.
The Washington-based lender called for a time bound plan on the pricing mechanism and pushed for its implementation by the next fiscal year.
The first staff mission is expected to take place after the 2022 annual meetings of the IMF and the World Bank Group.