World Bank Support to Bangladesh: The World Bank announced on Tuesday that it will provide an additional $2 billion to Bangladesh in this financial year. This aid will be used for important reforms, flood control, improving air quality, healthcare, and strengthening infrastructure development in Bangladesh.
World Bank’s regional director Abdoulaye Seck made this promise during a meeting with Bangladesh’s interim government’s chief advisor, Muhammad Yunus, in Dhaka on Tuesday. Seck stated, “The World Bank is committed to increasing loans for Bangladesh in the current financial year to support the interim government’s reform agenda.”
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Chief Advisor Yunus shared this information on social media platform X (formerly known as Twitter). Yunus wrote, “According to Seck, the World Bank will provide approximately $2 billion in additional support this financial year for significant reforms, flood response, improved air quality, and healthcare services.”
Earlier, the U.S. had also provided $200 million in aid to Bangladesh. According to the Bangladeshi Finance Ministry, this money will be used for youth welfare, improving health services, and increasing business opportunities.
Amid heavy protests in Bangladesh, Prime Minister Sheikh Hasina had to leave the country, which caused political instability. Protesters vandalized the Prime Minister’s residence, the Parliament, and many other places. After the situation worsened, the Hindu community faced violence, with several major Hindu temples being destroyed and set on fire.
After the political turmoil, a new government was formed in Bangladesh. Nobel Prize winner Muhammad Yunus was appointed as the interim Prime Minister.
