The government has requested the World Bank to increase the amount of budget support by $250 million to $750 million to deal with the current economic challenges and the reserve crisis. Sources at the finance ministry said Bangladesh made the proposal during bilateral talks on the sidelines of the spring meetings of the World Bank and the International Monetary Fund (IMF) in
Allocation Of New ADB Assistance To Bangladesh: Continued Support For Development – OpEd eurasiareview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurasiareview.com Daily Mail and Mail on Sunday newspapers.
The government can expect budget support of $500 million at best from the World Bank this fiscal year after it failed to implement key reforms that would have unlocked the entire $1 billion it was seeking.
After the International Monetary Fund it is now its sister concern World Bank's turn to negotiate economic reforms with the government for the prospective $2 billion financial support package sought to help the country weather the global economic turmoil.