World Bank allocates $1.1B for Bangladesh food security
The World Bank has approved emergency financing of $1.1 billion to Bangladesh to support food security and economic stability, amid rising global food and energy prices and the impact of the Middle East conflict on inflation and supply chains. The funding will be directed toward projects ensuring the supply of necessary fertilizers for rice production and supporting affected households and businesses to enhance the country's resilience to economic shocks. Bangladesh is facing increasing economic challenges, including rising import costs and global market disruptions.
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