WB to donate $350m to Bangladesh...

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WB to donate $350m to Bangladesh

 Staff Correspondent daily-bangladesh.com

 Published: 06:16 PM, 1 April 2020  

World Bank; File Photo

World Bank; File Photo

World Bank will donate $350 million to Bangladesh. The grant has already been approved for the local people and the Rohingya in Cox’s Bazar. The money will be spent on three projects.

The World Bank’s Dhaka office said this on Wednesday. Earlier on Tuesday, the company approved a grant of around $30.1 billion (Tk 3,010 crore in Bangladeshi currency) for the equivalent of Tk 86 per dollar. 

The World Bank said the grant will be used in the Cox’s Bazar district for healthcare, gender-based violence response, social security, basic services, and infrastructure development.

World Bank Country Director Mercy Tembon said Bangladesh has shown great generosity by harboring around 1.1 million Rohingya. The sheltered population is almost three times higher than the local population in Teknaf and Ukhiya upazilas. Naturally, these created a lot of pressure on existing infrastructure and social care services and increasing the risk of health and disaster. 

He added that the grant would further strengthen the country’s ability to provide services. Natural disasters and climate change will also increase the situation. “The $150 million worth Health and Gender Assistance Project for the Cox's Bazar District will help the 3.6 million people including Rohingya to access health, nutrition and family planning services, and combat gender-based violence through preventive and responsive services,” Mercy Tembon also said.

It is learned that the project will benefit about 7,80,800 people including local people in the improved public infrastructure. Of these – there is adequate drinking water for 3,65,800 people and better sanitation for 1,71,800 people.    

In addition, another $100 million will be spent under another project in dealing with poverty in the district. Livelihood and income support will be provided to the poor and vulnerable families in the host community using the Poverty Reduction Employment Generation Program.