Dhaka, Dec. 9 -- The World Bank (WB) has sought the government's cooperation for faster approvals to make a $350-million financing facility effective and operationalised.

The facility aims to enhance Bangladesh's energy-sector security.

The World Bank Board of Directors in June this year approved the "Energy Sector Security Enhancement Project", which would provide a payment guarantee-backed financing facility to support Petrobangla's liquefied natural gas (LNG) imports under new long-term agreements, starting in 2026.

In a letter to Finance Adviser Dr Salehuddin Ahmed last week, seen by The Financial Express, the World Bank division director for Bangladesh and Bhutan, Jean Pesme, wrote that the financing facility would be offered by i...