World Bank approved $1.1 billion for two projects to help Bangladesh mitigate the price and supply volatility in the global fertilizer and fuel markets, said a WB press release on Saturday.

The ‘Emergency Support for Food Security Project’ ($300 million) will provide time-bound financing to help Bangladesh import fertilizers critical for the Aman and Boro seasons.

‘The Contingent Emergency Response Project’ ($713 million) will support quick-disbursing emergency expenditures, including cash transfers and livelihood assistance for affected households and micro, small, and medium enterprises, helping stabilize incomes and preserve jobs during crises.

It will also finance fuel and energy supplies to continue essential services, including food, medicines and medical equipment, energy, and water. The project will disburse by June 30, 2026.