Bangladesh, Sept. 14 -- The World Bank plans to disburse US$2.03 billion to Bangladesh from its low-cost financing-arm International Development Association (IDA) in the current fiscal year, officials have said.

Advertisement The plan was discussed earlier this month when a team of the Washington-based multilateral lending agency had meetings with Finance Minister Amir Khosru Mahmud Chowdhury in Dhaka.

IDA's lending terms are highly concessional, meaning that IDA credits carry almost no or low-interest charges. Its funds are allocated to the recipient-countries in relation to their income levels and record of success in managing their economies and their ongoing IDA projects.

Historically, Bangladesh is the second-largest recipient of...