Bangladesh asks for $500mn debt to WB
Published: 08:55 PM, 24 October 2020 Updated: 08:57 PM, 24 October 2020
Bangladesh has asked the World Bank for a loan of $500 million (BDT 42500000000) to buy a coronavirus vaccine. Finance Minister A H M Mustafa Kamal has called for speedy disbursement of loans to Bangladesh considering overpopulation.
As part of the World Bank-IMF Annual Meeting-2020, a virtual meeting was held chaired by Finance Minister A H M Mustafa Kamal. The Bangladesh delegation and World Bank South Asia Vice President Hartwig Schafer attended the virtual meeting.
This information was given in a press release sent from the Ministry of Finance on Saturday.
At the beginning of the meeting, the Finance Minister thanked the World Bank for its continued support for the overall development of Bangladesh. He sought the co-operation of Mr. Hartwig to take necessary steps to provide loan assistance for the purchase of Covid-19 vaccine to Bangladesh, the third most populous country among the IDA countries in terms of population.
The Finance Minister also lauded the rapid and timely initiatives taken by the World Bank to tackle the Covid-19 pandemic. In this context, he mentioned the issue of providing $100 million loan assistance to Bangladesh to deal with Covid-19 expeditiously. The World Bank also assured that the issue of Bangladesh must be viewed positively.