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Wednesday, October 22, 2014, Kartik 7, 1421, Zilhajj 26, 1435 Hijr

WB finances 36 projects involving over $6 billion
Observer Online Desk
Publish Date : 2014-10-22,  Publish Time : 17:41,  View Count : 51
The World Bank (WB) is currently financing 36 projects involving US$ 6,601.46 million ($6.60 billion), according to a latest document of the global lender.

The funding covers the major projects designed to develop infrastructure, power, agriculture and education sectors, water supply, health services as well as skill and capacity building of public institutions.

The 36 projects include Skill and Training Enhancing, Secondary Education Quality Enhancement Project, Primary Education Development Programme III, Reaching out of School Children II, Siddhirganj Power Project, Rural Electricity Transmission and Distribution, Rural Electrification and Renewable Energy Development II, Clean Air and Sustainable Environment, Water Management Improvement Project, Empowerment and Livelihood "Notun Jibon (SIPP III), National Agriculture Technology Project, Modern Food Storage Facilities, Public Procurement Reform Project II, IDEA Project, VAT Improvement Project, Health Sector Development Programme, Disability and Children at Risk, Safety-net Systems for the Poorest, Emergency 2007 Cyclone Recovery and Rest, Northern Areas Reduction of Poverty, Local Governance Support Project II, Coastal Embankment Improvement Project, Municipal Governance and Services, Investment Promotion Financing Facility, Private Sector Development Support, Leveraging ICT Growth, Employ and Govern, Second Rural Transport Project, Dhaka Water Supply and Sanitation Project, Chittagong Water Supply Improvement, Community Climate Change Project, Afforestation and Reforestation Project, Integrated Agriculture Productivity, Strengthening Legislative Oversight and Strengthening Auditor General's Office.

Out of the total $6.60 billion financing, power sector got the highest funding with Rural Electricity Transmission and Distribution project alone getting $600 million.

The projects covering education, health, social safety-net and local government also got major portion of the funding.

Besides these projects, the WB is considering increase funding to power sector and extending fiscal support. The issues of the future large project financing and budget support were discussed on the sidelines of the annual meetings of the International Monetary Fund (IMF) and World Bank Group, held early this month in Washington DC.

Referring to the meeting, WB country director Jonathan Zutt told journalists on Tuesday that the budget support to Bangladesh would be resumed soon.



Editor : Iqbal Sobhan Chowdhury
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