WB urged to increase budget support under ongoing schemes | The Business Standard
Skip to main content
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Monday
June 16, 2025

Sign In
Subscribe
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
MONDAY, JUNE 16, 2025
WB urged to increase budget support under ongoing schemes

Economy

TBS Report
19 September, 2022, 09:55 pm
Last modified: 20 September, 2022, 01:12 pm

Related News

  • World Bank approves $250m to bolster public sector performance in Bangladesh
  • World Bank approves $250m to bolster public sector performance in Bangladesh
  • Bangladesh's growth forecast unchanged: WB report
  • World Bank slashes global growth forecast as trade tensions bite
  • Salehuddin expects $3.6 billion in budget support from dev partners by June

WB urged to increase budget support under ongoing schemes

Officials say new and separate budget aid means fresh rounds of negotiation over terms and conditions

TBS Report
19 September, 2022, 09:55 pm
Last modified: 20 September, 2022, 01:12 pm
Photo: Collected
Photo: Collected

Bangladesh has proposed that the World Bank increase the volume of ongoing budget support schemes instead of offering new and separate ones, according to officials after a meeting with the Washington-based lender's South Asia Vice-President Martin Raiser on Monday.  

Economic Relations Division officials said budget support talks dominated the discussions on the first day of Martin Raiser's three-day visit to Bangladesh.

The global lender will provide Bangladesh with a $250 million budget support from the "Bangladesh Second Recovery and Resilience" credit scheme. Besides, there have been talks about another $250 million from the "Bangladesh Green, Resilient and Inclusive Development Policy Credit" programme.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The government sought $1 billion more in budget support from the World Bank in late June to counteract the fallout stemming from the Russia-Ukraine war. 

The ERD officials said new budget aid will require new rounds of negotiation over terms and conditions. On the other hand, increasing the allocation under the ongoing schemes could make the loan process easier.

Although there was no immediate reaction to the proposal for a raise in the aid volume at the meeting, the Economic Relations Division is hopeful about getting the World Bank's response soon.

Apart from budgetary support, the officials said the introductory first day meeting also discussed a speeding up of loan disbursement.

The World Bank vice-president laid stress on a streaming of fund disbursement and joint efforts to settle disbursement related issues.

Among others, Prime Minister's Principal Secretary Ahmed Kaikaus and Economic Relations Division Secretary Sharifa Khan were present at the meeting at the NEC Conference Room in Dhaka's Sher-e-Bangla Nagar.

In a separate development on Monday, another World Bank team led by Regional Director Mathew Verghis met with State Minister for Planning Shamsul Alam.  

They discussed the current state of Bangladesh's economy and outlook, key reform areas for the government to accelerate growth and strengthening public investment management.

"The World Bank is assessing the economic condition of Bangladesh before providing budget support. This meeting was held as part of this," the state minister told journalists after the meeting.

He said the team inquired about the country's macroeconomic condition, forex reserve, inflation, value-added law reform, progress in making the Central Procurement Technical Unit the procurement authority and slow pace in project implementation.

"The depleting reserve is a challenge. But export growth and remittance inflow still put us in a comfortable zone," said the state minister.

He also said the inflation surge is due to external effects and the inflationary pressure would ease up soon.  

"We have the economic situation under control, but we need budgetary support to maintain the forex reserve. We need a lot of foreign borrowing and direct investment."

He said efforts are on to speed up project implementation since Bangladesh focuses on green growth. 

"However, management inefficiency still remains the biggest challenge in project implementation," he added.

Bangladesh / Top News

World Bank / budget support

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • BNP gears up for polls — preps ongoing from grassroots to top brass 
    BNP gears up for polls — preps ongoing from grassroots to top brass 
  • Non-performing loans surge by Tk74,570cr in Q1 as hidden rot exposed
    Non-performing loans surge by Tk74,570cr in Q1 as hidden rot exposed
  • Representational image of school children. File photo: Collected
    Govt issues urgent guidelines to educational institutes to curb Covid, dengue spread

MOST VIEWED

  • Vehicles were seen stuck on the Dhaka-Tangail-Jamuna Bridge highway due to a traffic jam stretching 15 kilometres on 14 June 2025. Photo: TBS
    15km traffic jam on Dhaka-Tangail-Jamuna Bridge highway as post-Eid rush continues
  • Tour operator Borsha Islam. Photo: Collected
    ‘Tour Expert’ admin Borsha Islam arrested over Bandarban tourist deaths
  • Infographic: TBS
    Chattogram Port proposes 70%-100% tariff hike
  • Fighter jet. Photo: AFP
    3 F-35 fighter jets downed, two Israeli pilots in custody, claims Iranian media
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    Merger of 5 Islamic banks at final stage: BB governor
  • Infograph: TBS
    Why 10 economic zones, including BGMEA's garment park, were cancelled

Related News

  • World Bank approves $250m to bolster public sector performance in Bangladesh
  • World Bank approves $250m to bolster public sector performance in Bangladesh
  • Bangladesh's growth forecast unchanged: WB report
  • World Bank slashes global growth forecast as trade tensions bite
  • Salehuddin expects $3.6 billion in budget support from dev partners by June

Features

Renowned authors Imdadul Haque Milon, Mohit Kamal, and poet–children’s writer Rashed Rouf seen at Current Book Centre, alongside the store's proprietor, Shahin. Photo: Collected

From ‘Screen and Culture’ to ‘Current Book House’: Chattogram’s oldest surviving bookstore

7h | Panorama
Photos: Collected

Kurtis that make a great office wear

2d | Mode
Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

4d | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

5d | Features

More Videos from TBS

Macron to visit Greenland after Trump's annexation threat

Macron to visit Greenland after Trump's annexation threat

3h | TBS World
Important facilities including Natanz damaged in Israeli attack

Important facilities including Natanz damaged in Israeli attack

3h | Others
Iran's gas production from South Pars halted after Israeli attack

Iran's gas production from South Pars halted after Israeli attack

4h | TBS World
Why the Strait of Hormuz is a key point of discussion in the Iran-Israel conflict

Why the Strait of Hormuz is a key point of discussion in the Iran-Israel conflict

3h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net