World Bank Bangladesh

Bangladesh is one of the largest recipients of support from International Development Association (IDA), the World Bank’s concessionary arm. Since 1972, the World Bank has committed more than $15 billion support to the Government of Bangladesh to reduce poverty and improve the lives of the people. The World Bank currently has a portfolio of 27 active projects with a net commitment of $3.61 billion. The projects utilize local knowledge and expertise. Several projects have actively involved the local communities in design and implementation. The World Bank supports the Government in its efforts on macro-economic stability and growth, power, infrastructure, climate change and disaster management, human and social development and poverty reduction. The World Bank provides both financing and technical assistance that have helped the country to be on track on achieving the MDGs. All World Bank loans to Bangladesh are interest free IDA credits, with 10 year grace period and 40 year maturity period.