The World Bank might give Bangladesh $250 million in budgetary support, not $500 million as it had offered earlier this year, Finance Minister AMA Muhith says. However, there are no problems over issuing the $1 billion Taka Bond by its lending arm, the International Finance Corporation (IFC), he said while speaking to bdnews24.com in Lima. Muhith is heading the Bangladesh delegation at the 2015 World Bank-IMF Annual Meeting in the Peruvian capital.
On the second day of the deliberations, the finance minister had a meeting with WB Senior Vice President Kyle Peters. “We had sought $500 million, but they will not give that much. A maximum of $250 million can be expected,” he said.
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