HomeNewsAgreements MoUBangladesh Receives $500 Million from World Bank

Bangladesh Receives $500 Million from World Bank

Bangladesh Receives $500 Million from World Bank

On 1st February 2021, Bangladesh has signed a loan agreement of $500 million amount from World Bank. this loan will be used to Upgrade the Jashore-Jhenaidah highway and improve the connecting rural roads.

  • Due to this, more than 20 million citizens from the western region will take the advantages of this project.
  • The project aims to upgrade the 48 KM two-lane Jashore-Jhenaidah road to a modern 4-lane highway and also to rehabilitate almost 600 km connecting rural roads.
  • the project will set up new rural markets for citizens. 

About Bangladesh –

Prime minister – Sheikh Hasina
Capital – Dhaka
Currency – Bangladeshi Taka
President – Abdul Hamid

About the World Bank –

Headquarters – Washington, DC
Founded – July 1944
Founders – John Maynard Keynes, Harry Dexter White

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