• Friday, Nov 22, 2019
  • Last Update : 04:49 pm

World Bank CEO to arrive in Dhaka Wednesday

  • Published at 05:21 pm July 9th, 2019
File photo of World Bank Chief Executive Officer (CEO) Kristalina Georgieva Reuters

‘The World Bank supports Bangladesh’s remarkable efforts to accelerate its development on climate change’

World Bank Chief Executive Officer (CEO) Kristalina Georgieva is due to arrive in Dhaka on Wednesday. 

This 2-day visit is Georgieva’s first World Bank-supported project in Bangladesh, read a press release.

During the visit, she will meet Prime Minister Sheikh Hasina and other senior government officials where she will talk about improving the longstanding partnership between Bangladesh and the World Bank Group.

She will then join the 3rd Executive Meeting of the Global Commission on Adaptation (GCA), which will be held in Dhaka on Wednesday.

Georgieva said: “The World Bank is proud to have a strong partnership with the Government of Bangladesh.  We support the country’s remarkable efforts to accelerate its development.

“Despite being extremely vulnerable to climate change, Bangladesh has shown the world what can be done through disaster preparedness and adaptation. I look forward to learning more about its successful innovations and how they can be applied elsewhere.”

Georgieva will be accompanied by Hartwig Schafer, World Bank vice president for the South Asia Region.

The World Bank was among the first development partners to support Bangladesh following its independence. Since then, the World Bank has committed more than $30 billion, mostly in grants and interest-free credits to Bangladesh. Bangladesh currently has the largest IDA program totalling $12.6 billion.