Pakistan, June 28 -- The World Bank has approved $1.1 billion in emergency financing for Bangladesh to strengthen food security and support vulnerable households. The package will help the country manage rising fertiliser, fuel, and food costs linked to the Middle East conflict. The funding is also intended to protect economic stability and essential public services.

The financing includes two emergency projects designed to help Bangladesh respond to external economic shocks. Of the total amount, $300 million will fund fertiliser imports under the Emergency Support for Food Security Project. The programme will finance 600,000 metric tonnes of fertiliser for upcoming rice cultivation seasons.

The World Bank said Bangladesh imports more t...