Bangladesh seeks 1 bln USD budget support from World Bank
22-Aug-2024 06:30 PM 1508
Dhaka, Aug 22 (Reporter) Bangladesh's interim government has sought 1 billion U.S. dollars from the World Bank as budgetary support. The call came from the country's Power, Energy and Mineral Resources Adviser Muhammad Fouzul Kabir Khan's meeting with Abdoulaye Seck, the World Bank's country director for Bangladesh and Bhutan, in Dhaka Wednesday. He made the plea as the ministry owes more than 2 billion dollars to suppliers in import costs of power and energy. Khan mentioned that the interim government, which was formed with many pressing mandates, is due to settle a 2 billion U.S. dollars debt left by the previous government in the power sector. He said they have already suspended activities under the much-criticized Quick Enhancement of Electricity and Energy Supply Act 2010 and abolished the government's power to set energy prices without any public hearing...////...
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