Bangladesh has approved an extensive Tk 8,483 crore cluster project funded by the World Bank to support displaced Rohingyas and the affected host community. Of the total project funds, the World Bank will contribute Tk 7,720 crore ($700 million), with Tk 4,475 crore as a loan and Tk 3,244 crore as grants. The Bangladesh government will provide the remaining funds. The project was approved during a meeting of the Executive Committee of the National Economic Council (Ecnec), chaired by the Prime Minister.
Coordinated by the Economic Relations Division, this complex project involves seven ministries, indicating the multifaceted approach needed to address the issues at hand. The project includes 19 components that aim to improve various sectors such as education, health, forest restoration, electricity, and infrastructure development. This initiative is designed to address the immediate and long-term needs of both the Rohingya refugees and the local communities hosting them. The project reflects Bangladesh’s commitment to managing the humanitarian crisis while ensuring sustainable development and support for its own citizens impacted by the influx of refugees.
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