Economic Reporter :
The government has planned to increase investment facilities by taking $ 300 million loan from the World Bank to bring pace in the private investment, said officials at the finance division.
“World Bank is keen to provide funds to scale up private investment facilities over the last one year. So, we have agreed to take $300 million loan, including $100 million in development of private businesses under the Investment Promotion and Financing Facility,” the official said.
He said interest of the loan will be 0.75 percent to 1.5 percent. Economic Relation Division, at an recent inter ministerial meeting, has recently finalised the $300 million World Bank loan proposal.
A year back, Finance Minister AMA Muhith discussed with the World Bank Senior Vice President Kyle Peters regarding to get such kind of funds worth $1.9 billion.
Sources in the finance ministry said a potion of this fund will go to the country’s health sectors, including National Tuberculosis Control Program under a Social Impact Bond. The Social Impact Bond is a tool to give maximum advantage to the private sector in investing Tuberculosis program.
The government has planned to increase investment facilities by taking $ 300 million loan from the World Bank to bring pace in the private investment, said officials at the finance division.
“World Bank is keen to provide funds to scale up private investment facilities over the last one year. So, we have agreed to take $300 million loan, including $100 million in development of private businesses under the Investment Promotion and Financing Facility,” the official said.
He said interest of the loan will be 0.75 percent to 1.5 percent. Economic Relation Division, at an recent inter ministerial meeting, has recently finalised the $300 million World Bank loan proposal.
A year back, Finance Minister AMA Muhith discussed with the World Bank Senior Vice President Kyle Peters regarding to get such kind of funds worth $1.9 billion.
Sources in the finance ministry said a potion of this fund will go to the country’s health sectors, including National Tuberculosis Control Program under a Social Impact Bond. The Social Impact Bond is a tool to give maximum advantage to the private sector in investing Tuberculosis program.
