World Bank to lend $1 billion to India, Nepal, Bangladesh, Bhutan connectivity projects

The World Bank is set to lend over a million dollars to implement regional connectivity projects in India, Bangladesh, Nepal and Bhutan to boost trade and investment among these nations.

A detailed plan to bankroll the connectivity projects to Finance Minister A M A Muhith was presented by a transport team of the global lender at the World Bank headquarters in Washington in April, reported the Daily Star.

A team of World Bank visited several ports, customs points and India-Bangladesh multimodal corridors in 2014 and this year as well.

During the recent visit of Indian Prime Minister Narendra Modi to Bangladesh, several agreements related to transit were signed.