WB to give $100cr for Bangladesh childcare

Visiting World Bank President Jim Yong Kim announced an additional USD 1 billion fund for Bangladesh to develop childcare in the country.

Jim Yong Kim revealed this information at a joint press conference after a meeting with Finance Minister Abul Maal Abdul Muhith at the Bangladesh Secretariat on Monday 9am.

WB president said that the global lender will instead spend the USD 1.2 billion (bridge funding) for climate related financing in Bangladesh.

During his visit, Kim will meet Prime Minister Sheikh Hasina and other senior government officials for broad ranging discussions on the country’s development progress and explore opportunities to deepen the World Bank’s engagement.

He will also meet with civil society representatives and private sector leaders. He will visit several World Bank-supported projects.