- The World Bank Group is involved in financing various development projects for a country in collaboration with its government.
- The World Bank and Bangladesh are cooperating on various development projects and aid initiatives.
Bangladesh and World Bank Discuss Expanding Development Cooperation
What happened
Prime Minister Tarique Rahman and World Bank Group President Ajay Banga discussed ways to expand cooperation between Bangladesh and the World Bank during talks at the United Nations Headquarters. The discussions, held on the sidelines of the 81st session of the UN General Assembly, covered Bangladesh's economic situation, energy challenges, and enhancing cooperation in various development projects. The World Bank appreciated social programs introduced by Prime Minister Tarique Rahman, such as the Family Card and Farmers Card, and assured its support for these initiatives. The two sides also explored scaling up youth entrepreneurship programs through a model involving 50 percent grants and 50 percent concessional loans.
Why it matters
The talks focused on strengthening the partnership between Bangladesh and the World Bank to support future national projects. The discussions centered on how to operate within the World Bank's partnership framework for projects Bangladesh plans to undertake in the coming days.
The World Bank and Bangladesh are already cooperating on various development projects and aid initiatives.
Who's involved
- BangladeshThe country whose projects and economic situation were discussed with the World Bank.
- World Bank GroupThe international financial institution whose cooperation was discussed regarding development projects.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- BangladeshSpeculative
Bangladesh could secure partnership frameworks, funding, and technical support for key national projects, including energy and youth development.
Keep exploring
The entities involved
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Bangladesh
country in South Asia
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World Bank Group
group of five international organizations that make leveraged loans to developing countries
Related events
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- State Minister for Foreign Affairs of Bangladesh met in Baghdad to discuss trade and UN cooperation.
- Tarique Rahman, Prime Minister of Bangladesh, engaged in bilateral dialogue with other nations.
- Khalilur Rahman, representing Bangladesh, was elected president of the UN General Assembly in 2018.
- Talks are underway between Oman and Bangladesh to deepen cooperation in advanced technology.