Bangladesh has received a $4.9 billion loan commitment from the World Bank for several crucial projects in the next fiscal year. The loan will be allocated to initiatives in the education, health, youth, rural and urban infrastructure, and water resources development sectors. The approval of the loan depends on timely project document preparation and subsequent clearance from the Executive Committee on National Economic Council. Under the five-year Country Partnership Framework (CPF), the World Bank aims to support Bangladesh’s development goals. The CPF report acknowledges the challenges posed by the country’s complex political economy and emphasizes the need for efficient project preparation and approval processes. Key projects receiving funding include health, population, and nutrition sector development programs, urban health and population projects, and initiatives for restoring the ecology of Dhaka rivers.
$4.9 Billion World Bank Loan Commitment for Priority Projects
- Published On May 21, 2023
- 2:42 pm
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Economic Tag: Debt
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