You are here: Home » News-IANS » Politics
Business Standard

World Bank to give Bangladesh $6 bn credit

IANS  |  Dhaka 

The World has pledged to give $6 billion in credit to over the next three years.

The announcement came after Finance Minister AMA Muhith held a meeting with the global bank's Vice President for South Asia Region, Annette Dixon, at its Washington D.C. headquarters on Thursday on the sidelines of the Spring Meeting of the World Group.

Dixon said the World would provide the money to the country in three instalments of $2 billion each in every fiscal year from 2017-18 to 2019-20, Muhith told bdnews24.com.

Muhith said the previous three-year loan package of the World is ending in June. The World had pledged to give $4 billion from 2014-15 to 2016-17 financial year, he said.

The minister said the World also pledged funds, as part of a global programme, to help rehabilitate the refugees from Myanmar.

"(But) they did not say how much they will provide," he added.

Muhith said Dixon was happy with Bangladesh's economic progress.

--IANS

soni/dg

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

World Bank to give Bangladesh $6 bn credit

The World Bank has pledged to give $6 billion in credit to Bangladesh over the next three years.

The World has pledged to give $6 billion in credit to over the next three years.

The announcement came after Finance Minister AMA Muhith held a meeting with the global bank's Vice President for South Asia Region, Annette Dixon, at its Washington D.C. headquarters on Thursday on the sidelines of the Spring Meeting of the World Group.

Dixon said the World would provide the money to the country in three instalments of $2 billion each in every fiscal year from 2017-18 to 2019-20, Muhith told bdnews24.com.

Muhith said the previous three-year loan package of the World is ending in June. The World had pledged to give $4 billion from 2014-15 to 2016-17 financial year, he said.

The minister said the World also pledged funds, as part of a global programme, to help rehabilitate the refugees from Myanmar.

"(But) they did not say how much they will provide," he added.

Muhith said Dixon was happy with Bangladesh's economic progress.

--IANS

soni/dg

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22

World Bank to give Bangladesh $6 bn credit

The World has pledged to give $6 billion in credit to over the next three years.

The announcement came after Finance Minister AMA Muhith held a meeting with the global bank's Vice President for South Asia Region, Annette Dixon, at its Washington D.C. headquarters on Thursday on the sidelines of the Spring Meeting of the World Group.

Dixon said the World would provide the money to the country in three instalments of $2 billion each in every fiscal year from 2017-18 to 2019-20, Muhith told bdnews24.com.

Muhith said the previous three-year loan package of the World is ending in June. The World had pledged to give $4 billion from 2014-15 to 2016-17 financial year, he said.

The minister said the World also pledged funds, as part of a global programme, to help rehabilitate the refugees from Myanmar.

"(But) they did not say how much they will provide," he added.

Muhith said Dixon was happy with Bangladesh's economic progress.

--IANS

soni/dg

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

image
Business Standard
177 22