The World Bank has warned the public about online "scams" in Bangladesh "misusing" its name and logo to offer loans directly to individuals. "Perpetrators have created Facebook pages, fake IDs and using other techniques to impersonate the World Bank and lure payments using mobile banking," the international organisation said in a statement.On its verified Facebook page, the institution clarified that it does not provide loans directly to anyone. Its funding is primarily channelled through state-owned or autonomous institutions to support development projects, including reducing unemployment, creating jobs, alleviating poverty, lowering maternal and neonatal mortality, and promoting social awareness.Citizens encountering such schemes are urged to report them to local authorities immediately.Similar warnings were issued to Bangladeshi citizens in May 2024. The World Bank reiterated that it has no involvement in these fraudulent schemes and urged people to remain vigilant against scams falsely claiming affiliation with the organisation. �"bdnews24.com

Source: bd News24 January 10, 2026 15:55 UTC