The World Bank and the International Finance Corporation (IFC) have expressed their willingness to provide conditional support for reforms in Bangladesh’s financial sector, according to Finance Adviser Dr Salehuddin Ahmed.
He said this while holding a meeting with representatives from both organizations in the Ministry of Finance at the Secretariat on Sunday.
Following the meeting, Dr Salehuddin told reporters that the funding would be directed towards reforms in the banking sector and the National Board of Revenue (NBR).
However, he refrained from disclosing the exact loan amount.
The loan amount is expected to be finalized during the World Bank's meeting in the United States in October.
Earlier this week, on the side-lines of the United Nations General Assembly, during a meeting with Chief Adviser Mohammad Yunus, the World Bank announced loan assistance of $3.5 billion.