Dhaka, April 25 -- Bangladesh and the World Bank have signed two financing agreements totaling $850 million to help the country develop the Bay Terminal deep sea port and modernize the national social protection system to accelerate job creation and inclusive growth.

The agreements were signed yesterday in Washington DC by Economic Relations Division (ERD) Secretary Shahriar Siddiky and World Bank interim Country Director Dr Gayle Martin on behalf of the Bangladesh and the World Bank, respectively Dr Salehuddin Ahmed, Finance Adviser of Bangladesh Government, and Martin Raiser, World Bank Vice President for South Asia, were also present at the signing, according to a World Bank press release.

The financing is from the World Bank's Inter...