WB official meets Muhith, talks $1.9bn financing

- Talk on $1.9bn new finance

- Support offered to improve investment

- WB senior VP assures Bangladesh visit soon

A senior World Bank official has met Finance Minister AMA Muhith in Peru and discussed a new financing scheme of $1.9 billion.

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World Bank’s Senior Vice President Kyle Peters met Muhith at the sidelines of the annual meeting with International Monetary Fund (IMF), a WB press release said.

“They discussed the World Bank’s growing portfolio in Bangladesh, which in FY15-16 included new financing commitments amounting to $1.9 billion and disbursements of almost $1 billion.”

“They also discussed the government’s progress in advancing various reforms, including in the areas of taxation, standards, and companies, that are intended to improve the investment climate and that, if passed, could be supported by a World Bank development policy operation,” it read.

Peters expressed his intention to visit Bangladesh in the near future.