For the first time, Bangladesh seeks foreign loans to support Rohingyas

THE BUSINESS STANDARD
Abul Kashem & Jahidul Islam
04 December, 2023,  

$1 billion sought from WB and ADB – $535 million in loans and $465 million in grants .

In the face of diminishing funds from international sources, Bangladesh is actively seeking a billion-dollar aid package from the World Bank and the Asian Development Bank (ADB) to support socio-economic development efforts for the Rohingya population and the affected host communities in the country.

The package, which includes $535 million in loans and $465 million in grants, aims to address the challenges faced by the forcibly displaced Myanmar nationals and mitigate the impact of their presence on local communities.

IFC provides $3 million loan to SLCM to reduce post-harvest losses in Myanmar.

commodityonline  
Commodity Online | April 10 2019

IFC, a member of the World Bank Group, is providing a $3 million loan to SLCM Limited, the Yangon-based subsidiary of Sohan Lal Commodity Management, a Delhi-based agri-logistics group. The aim is to help the company expand its warehousing services and allied services, in Myanmar, thereby improving the livelihoods of the rural population that rely on agriculture.