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Bangladesh receives 1.16 bln USD World Bank financing for inclusive, climate-resilient development

0 Comment(s)Print E-mail Xinhua, December 21, 2024
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DHAKA, Dec. 21 (Xinhua) -- The World Bank approved three operations totaling 1.16 billion U.S. dollars to help Bangladesh improve health services, water and sanitation services and achieve greener and climate-resilient development.

"These new financing will bring to the people of Bangladesh essential services such as health and water and sanitation while laying the foundation for clean, climate resilient and sustainable development," Abdoulaye Seck, World Bank country director for Bangladesh and Bhutan, said in a statement received here Friday, as Bangladesh is among the most vulnerable countries to climate change and faces the greatest pollution challenges.

According to the Washington-based lender, the 500-million-dollar Second Bangladesh Green and Climate Resilient Development Credit will support reforms to help the country's transition to green and climate-resilient development.

The 379-million-dollar Health, Nutrition, and Population Sector Development Program-For-Results will help improve access to quality health and nutrition services and build resilient health systems in Sylhet and Chattogram divisions.

The 280-million-dollar Chattogram Water Supply Improvement Project will provide safe water through new and rehabilitated piped water connections to over 1 million people in Chattogram. It will build about 200,000 new household water connections and provide improved sanitation services to about 100,000 people in low-income communities. Enditem

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