Finance adviser Salehuddin Ahmed on Sunday said that the World Bank and its private sector investment wing International Finance Corporation would provide loans under certain conditions to help the interim government carry out reforms in the financial sector.聽聽聽聽聽聽聽聽
But the finance adviser did not reveal the conditions while talking to reporters after meeting with WB and IFC officials at the Secretariat.
He did not either reveal the amount of loan for which negotiations was going on.
The finance adviser said that everything would be finalised in the coming WB and International Monetary Fund meetings in the next month.
He said that the loan from the WB would be utilised for the reforms in the banking and revenue sectors.
On September 26, a Bangladesh Sangbad Sangstha report said that the WB Group would provide $3.5 billion to support reform initiatives of the interim government.
WB president Ajay Banga gave the assurance at a meeting with Bangladesh chief adviser professor Muhammad Yunus on the sidelines of the United Nations General Assembly at the UN headquarters.
Ajay Banga, a long-time friend of professor Yunus, said that at least $2 billion would be provided as fresh lending, while another $1.5 billion would be repurposed from the existing programmes.
During the meeting, professor Yunus sought the World Bank鈥檚 support for the wide-range reforms the interim government has undertaken.