The Bangladesh Bank (BB) and the World Bank (WB) are jointly going to form a new fund of $500 million to promote country’s export, said the Central Bank Governor Dr Atiur Rahman. BB will contribute $200 million from its reserve while the WB will contribute $300 million.
The governor said this at a pre-monetary policy discussion with the reporters in a city hotel yesterday. The two banks aim at building new industries or opening the shutdown companies, said the governor. The interest of the fund will be very low, also said the governor. BB will declare its new monetary policy on July 30 for the first half of the o