The World Bank is expected to confirm a loan worth $2.253 billion for Bangladesh on May 1 as Prime Minister Sheikh Hasina is scheduled to visit the bank's headquarters in Washington then.
Five separate loan agreements are slated to be signed on five projects and programs on the day, officials at the Economic Relations Division (ERD) said.
The PM is scheduled to join WB Group President David Malpass at the Bangladesh-World Bank 50 years of partnership celebration there.
From the expected loans, $753 million is earmarked for a regional connectivity project while $500 million budgetary support for a program styled "Bangladesh under the Green, Resilient Inclusive Development (Grid)".
Moreover, $500 million loan would be provided to the Resilient Infrastructure for Adaptation and Vulnerability Reduction (RIVER) project, $250 million for Bangladesh Environmental Sustainability and Transformation (Best) Project, and $250 million for a project of the Palli Karma-Sahayak Foundation (PKSF).
Following confirmation of the loan, Bangladesh is expected to start developing the important infrastructure projects, said an ERD official.
Another official said the WB's aid commitment during this fiscal year would cross the $3 billion mark as another $500 million loan is in the pipeline for approval.
Earlier, the lender had already provided $300 million for a Covid-19 recovery program.
