Bangladesh may seek more than $2.5 billion from World Bank in budgetary support, project financing and aid as it has to implement a major portion of the country's gigantic stimulus package to revive the economy.
Its main target would be to secure $500 million in budget support in the current fiscal year.
Of the sum, $250 million would be sought in the form of development support credit and another $250 million from the development lender's fund for the poorest countries to combat the impacts of the coronavirus pandemic.
The Washington-based lender has indicated that it would provide $1.87 billion in the current fiscal year from its International Development Association (IDA), which lends to the poor countries.
It has already approved loans worth $402 million in the FY21, said an official of the WB's Dhaka office yesterday.
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