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World Bank to provide B'desh with additional US $1b fund for childcare

ANI  |  Dhaka [Bangladesh] 

Bank President Jim Yong Kim on Monday announced to give an additional one billion fund to over the next two years as assistance for reducing malnutrition and stunting among children.

The announcement was made by him at a joint press briefing after holding a meeting with the Finance Minister AMA Muhith at the Finance Ministry.

The Bank President lauded the efforts of for remarkable work in poverty alleviation.

Jim hoped that the International Development Association will also provide the highest amount of assistance to the Bangladesh in the next two years.

The Bank has made a fresh commitment of $72 billion as mostly soft loans from the IDA for different countries across the globe, he added.

Last year Bangladesh had received $1.7bn aid from IDA, according to the Economic Relations Division.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 17 2016. 19:50 IST