Election Day- Use Code DEMOCRACY24

Register Now

World Bank has approved a USD 1.25 billion loan for three new projects

Published on April 28, 2023
Current Context: The financing was approved after the meeting of the Bank to discuss a new Country Partnership Framework (CPF) for Bangladesh (2023-27) on Friday. The CPF will support Bangladesh’s goal to achieve upper-middle-income country status by 2031 by helping the country address key barriers to higher and sustainable growth.
World Bank has approved a USD 1.25 billion loan for three new projects
  • It will help develop a diversified and competitive private sector to create more and better jobs; promote socio economic inclusion to expand opportunities for all; and address climate and environmental vulnerabilities.
The three new projects are:
  • Program on Agricultural and Rural Transformation for Nutrition, Entrepreneurship, and Resilience (PARTNER) project: This project will help promote diversification, food safety, entrepreneurship, and climate resilience in the agri-food systems.
  • First Green and Climate Resilient Development Credit: This project will help the country’s transition to green and climate-resilient development.
  • Sustainable Microenterprise and Resilient Transformation (SMART) project: This project will help transform the micro-enterprise sector into a more dynamic, less-polluting, resource-efficient, and climate-resilient growth sector.

Question:

Q.1 How much financing did the World Bank approve for the three new projects in Bangladesh? 
a. USD 1.25 billion
b. USD 1.5 billion
c. USD 2 billion
d. USD 2.5 billion
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu