Reported by: Jafar Ahmed
Written by: Eshan Maitra
Countrywide flood has affected thousands of families this year in Bangladesh. Therefore, World Bank (WB) will be providing Bangladesh with the opportunity to collect 25 crores dollars loan. For the relief of the flood-affected families & for the recovery of its victims. The highest loan amount was estimated from the 0.5% of current GDP of Bangladesh. Confirmed by Economic Relation Division.
WB has been continuing similar relief loan giving through IDA-17 project for past 3 years. They have given total 4.3 billion dollars for such causes & counting. Fortunately, Bangladesh is also eligible for collecting this help from IDA with very low interest rate. The return policies are simple, commitment free & lengthens over 3 years’ period.