World Bank pledges $3.5b to support interim govt’s reform initiatives

World Bank President Ajay Banga announced $3.5 billion in support for Bangladesh’s interim government’s reform initiatives. The announcement came during a meeting with Bangladesh Chief Adviser Professor Muhammad Yunus at the UN General Assembly in New York. The support includes $2 billion in fresh lending and $1.5 billion repurposed from existing programs. The World Bank will focus on supporting reforms in digitization, liquidity, energy, power, and transport sectors. Yunus requested creative lending programs from the World Bank to support the government’s wide-ranging reforms.READ FULL