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The World Bank plans to disburse US$2.03 billion to Bangladesh from its low-cost financing-arm International Development Association (IDA) in the current fiscal year, officials have said.
The plan was discussed earlier this month when a team of the Washington-based multilateral lending agency had meetings with Finance Minister Amir Khosru Mahmud Chowdhury in Dhaka.
IDA’s lending terms are highly concessional, meaning that IDA credits carry almost no or low-interest charges. Its funds are allocated to the recipient-countries in relation to their income levels and record of success in managing their economies and their ongoing IDA projects.
https://today.thefinancialexpress.com.bd/first-page/wb-plans-disbursing-203b-soft-credit-to-bd-1789321813
