The World Bank will provide significant budget support to Bangladesh by December, focusing on energy security and managing outstanding payments, said Abdoulaye Seck, the World Bank’s Country Director for Bangladesh and Bhutan. Seck emphasized that the bank will help Bangladesh secure affordable gas by guaranteeing payments to global suppliers, which could lower import prices. Regarding the Adani Group’s unpaid electricity import bills, Seck acknowledged pressure on the government’s ability to meet its obligations. The World Bank also aims to assist with reforms in green growth, environmental sustainability, and key sectors like health and flood management to support Bangladesh’s long-term growth. Criticizing Bangladesh Bank’s policy on foreign exchange reserves, Seck noted that the decline in reserves was due to unsustainable exchange rate management.
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