NewzVille Desk
The World Bank has approved $1.1 billion in emergency financing for Bangladesh, as the growing economic pressures facing the country amid rising fuel and fertiliser costs, shrinking fiscal space and mounting concerns over food security.
The package includes $300 million to finance fertiliser imports and support rice production, while another $713 million has been earmarked for emergency expenditures, including cash assistance, livelihood support and essential energy supplies.
The approval comes at a time when Bangladesh is struggling with persistent inflation, declining foreign aid inflows, rising debt repayments and weakening industrial activity.
