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World Bank Backs Bangladesh with $1.1 Billion for Emergency Projects
The package will finance fertilizer imports, cash transfers and livelihood support as Bangladesh faces higher food, fuel and energy costs.
- The World Bank approved $1.1 billion in emergency financing for Bangladesh to mitigate rising costs of food, fertilizer, and fuel caused by the Middle East conflict.
- Rising global prices stemming from the Middle East conflict have deeply strained Bangladesh's economy, particularly affecting smallholder farmers and vulnerable households, according to World Bank Division Director for Bangladesh and Bhutan Jean Pesme.
- The Emergency Support for Food Security Project will provide $300 million to import 600,000 metric tons of fertilizer, supporting rice cultivation across 1.4 million hectares for the Aman and Boro seasons.
- Contingent Emergency Response Project funding of $713 million will finance cash transfers and livelihood support for affected households and small businesses while maintaining essential services like electricity and water.
- Resources are scheduled for disbursement by June 30, 2026, allowing priority sectors rapid access to financing. World Bank Lead Disaster Risk Management Specialist and Task Team Leader Lesley Jeanne Yu Cordero noted the toolkit enables immediate crisis response.
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16 Articles
World Bank approves $1.1 billion emergency financing for Bangladesh
The World Bank approved $1.1 billion in emergency financing for Bangladesh to help secure food supplies, support vulnerable households and businesses due to the rising prices of fertiliser, fuel and food from the Middle East conflict.
·New York, United States
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World Bank approves $1.1b for Bangladesh
The World Bank approved $1.1 billion in emergency financing for Bangladesh to help secure food supplies, support vulnerable households and businesses due to the rising prices of fertiliser, fuel and food from the Middle East conflict. Bangladesh is also seeking additional external financing from development partners, including the International Monetary Fund (IMF), to shore up foreign exchange reserves and ease pressure on public finances follow…
·Pakistan
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Coverage Details
Total News Sources16
Leaning Left1Leaning Right6Center3Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
C 30%
R 60%
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