Dhaka, May 22 -- Bangladesh expects an off-the-cuff US$1.835-billion financing from the World Bank for use before the close of the current fiscal year to cushion the economy against mounting external shocks, sources say.

Of the amount, the financier has proposed an emergency financing fund worth up to $250 million for Bangladesh government to tackle fiscal pressures stemming from the ongoing Middle East conflict.

The proposed emergency Investment Project Financing (IPF) would be financed through the reallocation of cancelled and uncommitted funds from five of ongoing or closing projects.

The projects include the Resilience, Entrepreneurship and Livelihood Improvement Project, Dhaka City Neighborhood Upgrading Project, Bangladesh Road S...