The World Bank would provide $3.5 billion to Bangladesh to support the interim government’s reform initiatives following a request from Chief Adviser Muhammad Yunus.

Economic growth has slowed in developing countries, with growth falling to barely 4% from 6% in two decades, Banga said, noting that each lost percentage point dragged 100 million people into poverty, while debt levels were rising

New World Bank President Ajay Banga says

One of the first things Banga would have to tackle is reforming and modernising the institution, something that stakeholders have asked for across sectors.