This file photo taken on January 17, 2019, shows the World Bank Group headquarters in Washington, DC. / Photo: AFP
The World Bank has agreed to provide a loan of $2.25 billion to Bangladesh for its five development and climate-resilient projects. A loan deal was signed in Washington, D.C. during an event marking the 50 years of partnership between the South Asian nation and the World Bank on Monday. Speaking at the event, Bangladeshi Premier Sheikh Hasina said: “We are here not to pray. We want our right to develop a partnership with the World Bank. We take loans and we pay the money with interest.
Speaking to the media, Salman Fazlur Rahman, the adviser to Bangladesh’s prime minister on private industry and investment, said it is the “single-largest loan deal” between his country and the World Bank.