Bangladesh seeks $1b from WB for power sector 

Power, Energy and Mineral Resources Adviser Muhammad Fouzul Kabir Khan has sought $1 billion assistance from the World Bank for power sector.

The adviser presented the proposal to Abdoulaye Seck, the World Bank's country director for Bangladesh, and his four-member delegation during a meeting in his ministry's conference room in Dhaka on Wednesday.

According to a press release from the Public Relations Department of the Power, Energy, and Mineral Resources Ministry, the current foreign debt for electricity and energy imports stands at approximately $2.2 billion. Therefore, the adviser has requested $1 billion in budget support from the World Bank for the power and energy sector.

At the meeting, the adviser said that the current interim government has assumed office with a strong mandate. On its first day in office, the government suspended all activities under the Quick Energy Supply Act.