Bangladesh inks over $1 b deal with World Bank for responding to COVID-19 pandemic
UNB
14th April, 2021 02:05:30
The government of Bangladesh signed three financing agreements totaling $1.04 billion with the World Bank to respond to the COVID-19 pandemic and to build resilience to future crises including vaccination against COVID-19.
The agreements were signed by Economic Relations Division secretary Fatima Yasmin and World Bank Country Director for Bangladesh and Bhutan Mercy Tembon on behalf of the Government and the World Bank, respectively.
The credits are from the World Bank’s International Development Association (IDA), and have a 30-year term, including a five-year grace period.