The World Bank has approved $300 million to help Bangladesh strengthen its urban local government institutions to respond to the Covid-19 pandemic and improve preparedness to future shocks, benefitting about 40 million urban residents. The Local Government Covid-19 Response and Recovery Project will support urban local government institutions to effectively respond
Tag: WB
WB lends $500m to modernize power system
The World Bank has approved US$500 million to help Bangladesh expand and modernise the electricity distribution system and support the sustainable transformation of its electricity system. The ‘Electricity Distribution Modernization Program’ will deliver improved electricity services to about 40 million people in Dhaka and Mymensingh Division, said a media release on
Sustainable plastic management crucial for Bangladesh
Sustainable management of plastic will be crucial for Bangladesh to tackle the increasing plastic pollution and ensure green growth, says a new World Bank Report. The 'Towards a Multisectoral Action Plan for Sustainable Plastic Management in Bangladesh' report provides a blueprint for managing plastic pollution over the short term (2022-2023), medium-term
PKSF, WB sign deal for $250m project
Palli Karma-Sahayak Foundation (PKSF) and the World Bank (WB) signed a deal on October 27, 2021 involving US$ 250 million to implement the Recovery and Advancement of Informal Sector Employment (RAISE) project, which is expected to strengthen the informal sector. Dr Nomita Haldar ndc, Managing Director of PKSF, and Ms Mercy
WB praises Bangladesh for anti-poverty social schemes
Social protection programmes remain central to Bangladesh's sustainable development policy and are progressively benefitting the poorer households across the country. This affirmation of poverty alleviation has come from none other than the world's top lender, the World Bank. However, more efforts are required for further reduction of poverty in Bangladesh, according to
WB okays $191m credit for Bangladesh education sector
The World Bank on Friday approved a $191 million credit to Bangladesh to help it strengthen the higher education sector and respond better to the Covid-19 pandemic. The Board of Executive Directors of the lending agency gave the approval to the Higher Education Acceleration Transformation Project. The credit is from the World
Govt, WB ink $250m deal to create jobs in Bangladesh
The government Thursday signed a $250 million financing agreement with the World Bank on creating more and better jobs, recovering faster from the COVID 19 pandemic and building resilience for future crises. The agreements were signed by Economic Relations Division secretary Fatima Yasmin and World Bank Country Director for Bangladesh Bhutan
Over $1bn deal with WB for pandemic response
The government of Bangladesh signed a total of three financing agreements totaling $1.04 billion with the World Bank to respond to the pandemic and build resilience to future crises including vaccination. Economic Relations Division secretary Fatima Yasmin and World Bank Country Director for Bangladesh and Bhutan Mercy Tembonsigned the agreements on
WB okays $120 mn to help Bangladesh improve food security
The World Bank has approved $120 million to help Bangladesh improve food security by enhancing climate resilience and productivity of irrigated agriculture and fisheries. The Climate-Smart Agriculture and Water Management Project will rehabilitate and modernize public Flood Control, Drainage, and Irrigation (FCDI) infrastructures, according to a press release. This will help improve
Bangladesh to gain from seamless transport connectivity with India: WB
Seamless transport connectivity between India and Bangladesh has the potential to increase national income by as much as 17 percent in Bangladesh and 8 percent in India, according to a new World Bank (WB) report. ''Connecting to Thrive: Challenges and Opportunities of Transport Integration in Eastern South Asia'' analyses the Bangladesh-Bhutan-India-Nepal