WB to provide $15 million to implement NSDS project
The World Bank will provide $15 million financing to implement the National Strategy for Development of Statistics (NSDS) Implementation Support Project to help Bangladesh produce accurate statistics in a timely manner.
The financing will also help the country make more evidence-based policy decisions.
The loan agreement to this end will be signed on Thursday at 4:00 pm at the NEC-2 conference room in the city's Sher-e-Bangla Nagar area, said a World Bank official.
The official said Economic Relations Division (ERD) Secretary Kazi Shofiqul Azam and World Bank Country Director for Bangladesh Qimiao Fan will sign the agreement on behalf of their respective sides.
The NSDS Implementation Support Project will improve the Bangladesh Bureau of Statistics (BBS)'s capacity to produce and disseminate quality statistics in a timely manner.
In 2013, Bangladesh approved the National Strategy for the Development of Statistics (NSDS) and Statistics Act. The project will help implement key elements of the strategy. It will enhance coverage and improve collection and quality of data for core statistics, including, national accounts, price statistics, labour and industry statistics, social statistics, and agricultural statistics. It will also produce gender-disaggregated data.
The credit for the project will come from the International Development Association (IDA), the World Bank's concessional lending arm. The credit is interest-free and repayable in 38 years, including a 6-year grace period, and carries a service charge of 0.75 per cent. -BSS