World Bank Stands with Bangladesh to Support Rohingya Refugees

Stocks and Financial Services Press Releases Thursday October 12, 2017 08:22
WASHINGTON--12 Oct--World Bank

WASHINGTON, October 11, 2017 – Bangladesh today asked the World Bank for support to cope with hundreds of thousands of Rohingya refugees, and the World Bank said it is ready to move with a program of support for the government, host communities, and the refugees.

While Bangladesh has kept its doors open to the refugee influx, its ability to provide for them has been stretched, as the country struggles with its own poverty challenges. The value of the World Bank investment has yet to be decided but the program of support could include expanding access to health, education, water, sanitation, and roads.

"The situation has affected Bangladesh greatly and is still evolving with new refugees arriving every day," said Bangladesh Finance Minister Abul Mall Abdul Muhith. "We are especially thankful for the strength and generosity of the Bangladeshi people. However, the scale of the needs requires a global humanitarian and development response, and we look forward to the World Bank's support."

The Government of Bangladesh can tap into a new and innovative World Bank financing instrument, the special window for refugees of the International Development Association (IDA), the World Bank's fund for the poorest.

"We appreciate that Bangladesh is supporting the Rohingya people as it works diligently to reduce poverty and increase prosperity," said Annette Dixon, Vice President at the World Bank for the South Asia Region. "While we hope the refugees can safely return home soon, it is important that the international community support them and the host communities in the near term with basic services. We will do everything we can to provide that support."


Latest Press Release

IOU(TM) - E-Commerce Loyalty Platform on Blockchain

IOU Global, LTD is announcing the release of IOU(TM) - a revolutionary peer-to-peer (P2P) e-commerce loyalty platform developed on blockchain, allowing merchants and consumers to interact with each other in the competitive, secure, transparent and...

DDD clearing up the rumors about fake orders and investigation by the SEC, claiming the speculations untrue and unfounded.

"Do Day Dream" denies the rumors about fake orders and its being investigated by the SEC. It insists that it always ensures strict compliance with rules and regulations and has in place its external auditor that is internationally recognized while...

BQT(TM) A Fresh New Take On The P2P Exchange

BQT Technologies, LTD is announcing the upcoming closed-Beta release of the BQT(TM) Exchange Platform — a peer-to-peer (P2P) exchange with innovative hedge trade capabilities. This unique method embraces the spirit of decentralization and...

Standard Chartered Bank sees Thai Central Bank shift toward tightening Thailand strong heading into elections

Standard Chartered Bank maintains its call for robust global growth of 4.0% this year, the strongest in five years, as economic fundamentals have remained solid. Unlike in previous years, growth this year has been broad-based and synchronised across...

Shedding New Light on Pediatric Research by Integrating the Healthcare Providers of the Globe

Pediatric ConferenceSeries offers On-Site and Online medical Conferences effective from 2019 ConferenceSeries Pediatric Conferences reinforce the spirit of healthy neonates to build physically and mentally fit societies to excel in socioeconomic and...

Related Topics