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WB to provide assistance to Rohingya refugees

Published : Thursday, 12 October, 2017 at 10:57 AM Count : 503

Finance Minister AMA Muhith has said the World Bank will provide assistance to help the forcibly displaced Rohingyas who fled violence in Myanmar.

To see the current refugee situation a World Bank delegation will travel to Bangladesh ‘soon’, the minister added. 

Bangladesh and World Bank will determine the extent of the support and what portion will come in loans and what portion will come in grants through discussions, Finance Minister AMA Muhith told after a meeting with top World Bank officials at the organisation’s headquarters in Washington on Wednesday.

World Bank CEO Kristalina Georgieva has expressed her appreciation to Bangladesh for the humanitarian assistance it has provided to the refugees.

“The World Bank-affiliated International Development Association, or IDA, has created a new fund called the ‘Refugee Fund’, which will go to support refugees across the world,” the finance minister said.

A total of $2 billion is allocated to the fund. Any country in need of the assistance can apply for a maximum of $400 million in loans over a three-year term.

“How much Bangladesh will receive from this fund and its conditions will be decided quickly,” Muhith said.

World Bank CEO Kristalina Georgieva praised Bangladesh for opening its borders to the Rohingyas.

We will do all we can to help Bangladesh, she said.

“We have a refugee window that would be glad to help Bangladesh.”

“We will also take steps to ensure no one is deprived of our support and that locals and Rohingyas can coexist peacefully. We also express our boundless gratitude for what Bangladesh has done for humanity.”

The six-day annual meeting between the IMF and the World Bank is to end Oct 16.

A high-level delegation from Bangladesh, led by Finance Minister AMA Muhith, has gone to Washington to attend the meeting.

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