Finance adviser Salehuddin Ahmed on Tuesday said that they expected easy and implementable action plans from the World Bank with its new loans.
Some conditions of the multilateral lender often become impossible to implement, said the finance adviser while talking to reporters after a meeting with World Bank鈥檚 regional country director of South Asia Region Mathew A Verghis at the Secretariat.
As a result, disbursements under loan programmes remain suspended, added the finance adviser.
The interim government led by professor Muhammad Yunus is reportedly negotiating over a loan programme worth about $2 billion.
Half of the amount has been sought in two equal tranches for financing the import of fuel oils and the rest $1 billion for carrying out reforms in the banking sector.
The World Bank, expecting to finalise the loan deals by December, has already attached conditions such as forming a private sector asset management company, redefining non-performing loan criteria to meet the international standards, and reviewing audit reports from a newly established task force.聽聽
Calling the discussion with the WB positive on the loan deals, the finance adviser said that the negotiation would continue on the reform programme in the banking sector.聽聽聽聽聽聽聽聽
He also said that they also needed budget support to carry out the reforms.
He hoped that the multilateral lender would provide the budge support in December.
Later on the day, the finance adviser also had a meeting with the Islamic Development Bank regional hub manager Nassiss Sulaiman to discuss about the latter鈥檚 loan programme in the country in the next three years up to 2026.
He said the IDB mainly provided loans to infrastructure sector and finance oil import bills.
He added that they had already sought extra loans to ensure uninterrupted imports primary energy items without disclosing the amount.
The IDB regional hub manager told reporters that they were looking forward to lending $4鈥�$5 billion in Bangladesh under the three-year country assistance programme that will expire by 2026.