World Bank Warns of Fraud Schemes Misusing Its Name

DHAKA, December 12, 2023: In light of recent reports of online loan scams misusing the World Bank’s name and logo in Bangladesh, the World Bank is warning general public of scams offering loans from the World Bank in exchange of fees. The World Bank does not provide loans directly to individuals and does not ask for any personal financial information.

Perpetrators have created Facebook pages and are using other techniques to impersonate the World Bank and lure payments using mobile banking.

The World Bank has no involvement in such schemes, and we would like to caution you to be wary of these and other similar solicitations that falsely claim to be affiliated with the World Bank.

About The World Bank

The World Bank Group has a bold vision: to create a world free of poverty on a livable planet. In more than 100 countries, the World Bank Group provides financing, advice, and innovative solutions that improve lives by creating jobs, strengthening economic growth, and confronting the most urgent global challenges. For more information, please visit www.worldbank.org, www.miga.org, and www.ifc.org.