• Friday, Oct 18, 2019
  • Last Update : 05:06 pm

WB keen to finance infrastructure, blue economy, says Kamal

  • Published at 11:11 pm September 5th, 2019
AHM Mustafa Kamal
File photo of Finance Minister AHM Mustafa Kamal Courtesy

'WB is now ready to finance our projects as much as it can. There will be no more hide and seek game over financing Bangladesh’s projects. The global lending agency will also give us technical assistance as required,' said Mustafa Kamal

The World Bank (WB) changed its impression on Bangladesh, and stand ready to offer financial assistance, as much as required to develop infrastructure, and explore blue economy, said Finance Minister AHM Mustafa Kamal yesterday.

The finance minister said the WB would also give Bangladesh technical assistance for roads, and transport management. 

The finance minister was addressing a press briefing following a meeting with the new WB country director for Bangladesh and Bhutan, Mercy Miyang Tembon at his secretariat office.

Mercy Miyang Tembon recently replaced Qimiao Fan.

"WB is now ready to finance our projects as much as it can. There will be no more hide and seek game over financing Bangladesh’s projects. The global lending agency will also give us technical assistance as required," Mustafa Kamal said.  

He mentioned that Bangladesh held tremendous prospect in exploring blue economy, in which the WB wanted to assist. 

Kamal also said the WB also expressed its interests in implementing the Delta Plan, a joint initiative of the government, and the Netherlands.

The finance minister said Bangladesh would also welcome India, if it wanted to join the endeavors to materialize the Delta plans.

He stated that the WB would give Bangladesh money, as per demand to be made, for building roads and highway infrastructures.

Finance minister said the WB was now happy to see that Bangladesh  improved a lot in establishing roads and highway infrastructures on its own.

"WB's impression is now positive towards Bangladesh," he added.

The finance minister said the WB in its upcoming annual meeting in October would announce fresh financing for countries.

In her turn, WB country director Mercy Miyang Tembon said she was  working to portray Bangladesh as a brand before the rest of the world.

"Bangladesh has developed herself a lot. I have seen this during my recent visits across the country after assuming office here. I think Bangladesh can utilize 88% of her blue economy prospects."

Economic Relations Division secretary Md Monowar Ahmed was present, among others.