Bangladesh sought $500mn WB fund to execute budget

0
78

Finance Minister AHM Mustafa Kamal has requested for $500 million in credit from the World Bank (WB) to help Bangladesh execute its budget. The World Bank has assured the minister of taking the issue into consideration positively.

The finance minister sought the World Bank support to implement the proposed “Ecological Restoration Support to Rivers and Canals around Dhaka” project in order to create eco-friendly infrastructure for the development of river-centric tourism.

The virtual event held on 5th April (Monday) was organised as part of the continuing Spring Meetings 2021 of the World Bank Group. Finance Minister Kamal represented the Bangladesh team and World Bank’s Vice President for South Asia Hartwig Schafer led the WB team.

In the programme, the finance minister urged the WB for the timely measures it took to fight the Covid-19 infections. 

Mr. Kamal said the assistance will be used to educate female students with science and ICT knowledge and in educational projects for their stipend as part of efforts to increase women’s participation in the workforce.

It will also be used in the government’s efforts to recover from the fallouts of the ongoing Covid-19 pandemic, he added.

Finance minister, Senior Secretary of Finance Ministry Abdur Rouf Talukder and Secretary for Economic Relations Fatima Yasmin participated in the discussion as a member of the Bangladesh delegation while Hartwig Schafer and Mercy Miyang Tembon participated on behalf of the WB.

Source:

THE DAILY STAR

LEAVE A REPLY

Please enter your comment!
Please enter your name here