The World Bank stands by the Central Bank of Bangladesh in financial sector reforms. This development partner has announced a loan assistance of one billion dollars or one billion dollars.
On Sunday (September 15) at noon, a delegation of the World Bank Governor Dr. Ahsan talks with H. Mansoor.
Of this, Bangladesh Bank will get $750 million as policy based loan. Loan assistance of 250 million dollars is being provided as investment loan and guarantee facility. This loan is supposed to be approved by the World Bank board by December.
However, Bangladesh has to fulfill 3 conditions to get the loan. These include setting up asset management companies in the private sector, setting new definitions of defaulted loans on international standards. Bangladesh will also have to accept the condition of submitting the report of the audit firm of the task force to the World Bank.
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