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WB’s help to recovery stolen funds urged

A Correspondent:

New York: Chief Adviser Professor Muhammad Yunus has urged the World Bank (WB) to assist in re-covering the stolen funds and support the reform and modernization of the Chittagong Port, emphasizing its potential to generate millions of manufacturing jobs and enhance regional cooperation.
“Chittagong Port is the key of economic growth in the region. Let’s develop together,” he said, noting that landlocked Nepal and Bhutan, as well as India’s seven northeastern states, stand to benefit signifi-cantly from an upgraded port.
The Chief Adviser made the call when World Bank President Ajay Banga met him on the sidelines of the United Nations General Assembly (UNGA) at UN Headquarters here in the USA on Tuesday.
During the meeting, the two leaders discussed a range of critical issues, including Bangladesh’s upcoming national election in February, the country’s democratic transition, fiscal plans and banking sector re-forms, recovery of billions of dollars in stolen assets, regional economic integration, and the growing political engagement of youth across Asia.
The WB president underscored the importance of robust reforms in the banking and fiscal sectors, stating that they are essential to laying the foundation for sustained, high-growth economic development.
He praised Prof Yunus for his leadership over the past 14 months, highlighting his pivotal role in steer-ing Bangladesh’s economic recovery.
In response, Prof Yunus expressed gratitude for the World Bank’s steadfast support during what is de-scribed as one of the most critical periods in the nation’s history.
Energy Adviser Fouzul Kabir Khan, Chief Adviser’s Special Envoy Lutfey Siddiqi, and SDG Coordina-tor Lamiya Morshed were present at the meeting.

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