The World Bank Vice President for South Asia, Martin Raiser, recently visited Bangladesh and expressed the institution's commitment to supporting critical reforms for inclusive and sustainable growth.
The World Bank has pledged approximately $2.3 billion for the current fiscal year to strengthen Bangladesh's economic resilience, aid in flood recovery, and implement necessary public and financial sector reforms. The focus of this support will be on enhancing economic governance and creating job opportunities for the youth.
The World Bank also plans to provide urgent support for the treatment of critically injured individuals affected by the recent floods. Additionally, the World Bank has approved a $700 million program to assist Rohingya refugees and host communities, aiming to provide immediate relief and foster long-term stability.
Discussions were held with key government officials to discuss reforms necessary for economic resilience and financial sector stability. The World Bank's long-standing partnership with Bangladesh has seen over $44 billion in financing, making it the country's largest development partner. This support is crucial as Bangladesh seeks to recover and grow in a changing global landscape.
The collaboration between the World Bank and Bangladesh will address immediate humanitarian needs and lay the foundation for long-term economic stability. The World Bank's support also focuses on clean energy development and improving air quality and health outcomes, positioning Bangladesh as a leader in sustainable development.