Bangladesh receives $900 million in World Bank loans for two projects

The World Bank has approved $900 million in loans for Bangladesh across two projects. A $500 million credit will support fiscal and financial sector reforms, while a $400 million project will improve urban infrastructure and management in seven city clusters. The funding aims to strengthen Bangladesh’s resilience to climate change, enhance urban development, and support its vision of achieving upper-middle-income status. The projects will focus on improving financial sector oversight, social protection programs, and climate-resilient urban infrastructure.