As an institution dedicated to the fundamental principles of non-discrimination, social inclusion and economic opportunity for all, the World Bank Group has said it is deeply concerned by the violence, destruction and forced displacement of the Rohingya.
"In the context of the crisis we've reviewed our engagement in the country to strengthen our focus on high-impact projects that support education, health services, electricity, rural roads and inclusion of all ethnic groups and religions, particularly in Rakhine state," said the lending agency.
The World Bank Group also said it also assessed the conditions of its recently approved development policy loan and concluded that further progress is needed for the loan to be made effective.
"We're coordinating closely with the UN and the wider international community. Together we're encouraging the government to take urgent steps to deescalate the situation and support a broad and inclusive humanitarian response, including paving the way for the return of refugees and internally displaced populations," said the World Bank in a press release.
On Thursday, Bangladesh asked the World Bank for support to cope with hundreds of thousands of Rohingya refugees. "We've said we're ready to move with a programme of support for the government, host communities and refugees," said the Washington-based lending agency.