- The World Bank’s IDA has provided Bangladesh with a 30-year long-term loan to help her recover from economic downturns. To spur growth to pre-pandemic levels, Bangladesh needs to invest in Energy, Infrastructure, and Emerging Technology.
- As per a World Bank estimate, Bangladesh is on a path to becoming an upper middle-income country by the year 2031. This formal assistance will help Bangladesh have a resilient supply chain and a better credit position.
- Bangladesh is the highest recipient of loan assistance from the World Bank’s IDA to the tune of 14.5 bn USD. The borrower recently canceled an energy project involving an 8,451 MW capacity coal-fired plant. Now Bangladesh is shifting to Green Energy.
Question:
Q.1 How much has the World Bank Provided to Bangladesh for Economic Resilience and Recovery Project?a. 25 Bn USD
b. 2.5 Bn USD
c. 250 mn USD
d. 200 mn USD
