Economy · World
Bangladesh Receives Over $1 Billion in World Bank Loans for Fertilizer and Food Security
2 sourcesFirst reported 25 days agoUpdated 25 days ago
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What all sources covered
- The World Bank approved loans exceeding $1 billion for Bangladesh.
- The funds aim to address issues in the fertilizer market and enhance food security.
- $300 million will be used to import about 600,000 tons of fertilizers for rice cultivation.
- $713 million will focus on supporting low-income households and small businesses.
- Bangladesh is heavily reliant on fertilizer imports, making it vulnerable to global price fluctuations.
2 sources
Who reported first
BloombergFirst
newsit.gr+3h
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