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Five financing agreements worth over 1.1 billion have been signed between the World Bank and Bangladesh

Published on November 24, 2023
Current Context: The World Bank and Bangladesh signed five financing agreements worth over $1.1 billion on November 23, 2023.
Five financing agreements worth over 1.1 billion have been signed between the World Bank and Bangladesh
  • The agreements aim to support the country’s efforts to improve social protection, urban governance, nutrition, climate resilience, and access to quality health care.
  • The World Bank is one of the largest development partners of Bangladesh, with a total commitment of $14.1 billion as of June 2023.
  • The five projects that received financing are: Bangladesh Social Protection Reform and Strengthening Project ($300 million), Bangladesh Municipal Development Fund Project ($150 million), Bangladesh National Nutrition Services - Additional Financing ($100 million), Climate Resilient Agriculture and Food Systems Program ($250 million), and Health Sector Support Project ($300 million).
  • The World Bank has been providing concessional loans and grants to Bangladesh since 1972.
  • The Bank’s assistance has supported the country’s remarkable progress in reducing poverty, improving human development, enhancing economic growth, and addressing climate change.

Question:

Q.1 How much financing did the World Bank and Bangladesh sign on November 23, 2023?
a. $1.1 billion
b. $1.25 billion
c. $14.1 billion
d. $37 billion

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