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.
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.