The International Finance Corporation (IFC), the private sector lending arm of the World Bank Group, has proposed issuance of 'taka bonds' worth $ 1 billion in Bangladesh, reports bdnews24.com.
IFC officials for South Asia made the proposal at a meeting with Finance Minister Abul Maal Abdul Muhith at the World Bank headquarters in Washington on Saturday.
The minister told journalists he had responded positively to the proposal.
"We've responded to their proposal. We'll start work on that immediately after I return home. The bonds will be issued as soon as possible," he said.
Muhith said the government had received several proposals on the issuance of taka bonds. "But the IFC proposal seems very positive."
Bangladesh has 'dollar bonds' for expatriates but these will be the first 'taka bonds' in the country.
The IFC has already issued local currency bonds in India worth $10 billion.
The second day's proceedings of the World Bank and International Monetary Fund's spring meetings began on Saturday with a photo session of the board members.
IMF Managing Director Christine Lagarde and the finance ministers of the member countries joined the session at the IMF headquarters.
The Bangladesh finance minister was in the second row.
Later, Muhith held a meeting with officials of the World Bank's South Asia and Communications Infrastructure departments. World Bank Vice President for South Asia region Annette Dixon led his side at the meeting.
The bond issuance proposal came at another meeting with IFC officials led by its Executive Vice PresidentJin-Yong Cai.
IFC proposes issuance of $1.0b \\\'taka bonds\\\'
FE Team | Published: April 20, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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