Printed on Mon Sep 26 2022 6:26:50 PM

World Bank will stand by the government of Bangladesh

Staff Correspondent
World Bank
In the post-Corona situation, the World Bank will provide a loan of $250 million to Bangladesh for the implementation of the economic recovery program. The money was approved for Bangladesh at a board meeting at the World Bank's headquarters in Washington on Friday, April 1. This information has been given in a press release sent from the Dhaka office of the company.

With this World Bank funding, Bangladesh's financial and financial sector policy will be reinforced. Moreover, the money will assume a significant part in retaining the employment of the affected companies in the face of economic shocks caused by Corona. The money is being given to Bangladesh under the Fast Recovery and Resilience Development Policy Credit.

The assertion said that the World Bank will stand by the government of Bangladesh to maintain its growth in the aftermath of the Covid-19 epidemic. The agency is funding the project as part of its efforts to increase resilience to future shocks and reinforce strategies.

The World Bank says the money will boost the tax and financial sector's capacity to boost macroeconomic stability and sustain growth. It will implement social protection programs to improve efficiency and reduce greenhouse gas emissions.

As per the notice, this program will assist the government to implement the cash transfer program more quickly. It will expand the use of government-to-individual installment platforms for future pushback and cash-based programs. Identifying new and existing beneficiaries for emergency assistance will make it easier to provide quicker assistance in climate-related crises, including floods and cyclones.

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