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The World Bank has approved a $640 million loan for Bangladesh to strengthen energy security and improve air quality.
Gail Martin, the World Bank Country Director for Bangladesh, stated, “It is crucial to address the challenges of limited gas supply and urban air pollution in Bangladesh. These two projects will contribute to economic growth, enhance productivity, and create employment opportunities.”
Of the total, $350 million will be allocated to enhance energy sector security, while $290 million will be used for the Clean Air Project, which aims to adopt a comprehensive approach to tackling air pollution.
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