Publish: 14:39, 20 Dec, 2024 Updated: 01:25, 21 Dec, 2024

Bangladesh secures $1.16 billion WB financing for climate-resilient development

Online Desk
Bangladesh secures $1.16 billion WB financing for climate-resilient development

Bangladesh has secured $1.16 billion in World Bank financing to bolster its efforts in enhancing health services, improving water and sanitation infrastructure, and advancing green, climate-resilient development. The approval, announced by the World Bank’s Board of Executive Directors on Thursday (Washington local time), marks a significant step toward addressing climate challenges and pollution in one of the most vulnerable nations to climate change.

The largest allocation—$500 million—will support the Second Bangladesh Green and Climate Resilient Development Credit. This initiative focuses on policy reforms to improve public planning, financing, and implementation of green and climate-resilient measures at both local and national levels. It also aims to reduce air pollution, enhance environmental enforcement, and expand access to carbon markets. Notable policy measures include improving energy efficiency in buildings and appliances and incentivizing eco-friendly practices in the construction sector.

Aligned with the Bangladesh Delta Plan 2100, the financing will enhance water and sanitation services, integrate environmental considerations into public procurement, and bolster sustainable development practices. To support these initiatives, the Planning Division has adopted the Delta Appraisal Framework, improving the efficiency of long-term climate resilience strategies.

In addition, $379 million has been allocated to the Health, Nutrition, and Population Sector Development Program-For-Results, targeting improved healthcare services in the Sylhet and Chattogram divisions. This funding is set to benefit more than 5.1 million people, with a focus on reducing maternal and neonatal mortality and providing essential health services to women in climate-affected districts. The program also seeks to strengthen healthcare infrastructure to address emerging non-communicable diseases like hypertension.

The World Bank’s commitment is further supported by a $25 million grant from the Global Financing Facility for Women, Children, and Adolescents (GFF). This grant will enhance interventions in maternal and newborn care, child nutrition, adolescent health, and data-driven decision-making.

The third component of the funding, $280 million, is allocated to the Chattogram Water Supply Improvement Project. This project will expand access to safe water for over one million residents and improve sanitation for 100,000 people in low-income communities. Key initiatives include establishing 200,000 new household water connections, upgrading metering systems to reduce water loss, and creating Smart District Metered Areas (DMAs) for real-time water management. These measures will also strengthen the operational and financial sustainability of the Chattogram Water Supply and Sewerage Authority (CWASA).

Since gaining independence, Bangladesh has received over $45 billion in International Development Association (IDA) financing from the World Bank, including grants, interest-free loans, and concessional credits. This latest investment underscores the World Bank’s long-standing commitment to supporting Bangladesh’s development priorities.

“Improving climate resilience and tackling pollution are critical priorities for Bangladesh,” said Abdoulaye Seck, World Bank Country Director for Bangladesh and Bhutan. “This new financing will provide essential health and water services while laying the groundwork for sustainable, climate-resilient development.”

With this landmark funding, Bangladesh is poised to accelerate its progress toward inclusive, sustainable growth and a climate-resilient future, reinforcing its commitment to addressing global environmental and development challenges.

Bd-pratidin English/ Jisan

More News
CA urges Thailand to ease visa procedures
CA urges Thailand to ease visa procedures
Myanmar agrees to take back 1.8 lakh Rohingyas
Myanmar agrees to take back 1.8 lakh Rohingyas
NCP ready to take challenge to contest in 300 seats: Sarjis
NCP ready to take challenge to contest in 300 seats: Sarjis
CA holds bilateral meeting with Sri Lankan premier
CA holds bilateral meeting with Sri Lankan premier
Prof. Yunus presents photograph to Modi
Prof. Yunus presents photograph to Modi
BIMSTEC secretary general meets CA
BIMSTEC secretary general meets CA
Yunus-Modi meeting fruitful: Press Secretary
Yunus-Modi meeting fruitful: Press Secretary
IMF team to arrive in Dhaka tomorrow
IMF team to arrive in Dhaka tomorrow
Extortion fuels unrest in CHT: Home Adviser
Extortion fuels unrest in CHT: Home Adviser
CA holds bilateral talks with Bhutan PM
CA holds bilateral talks with Bhutan PM
Bangladesh, Thailand sign MoU to jointly combat corruption
Bangladesh, Thailand sign MoU to jointly combat corruption
CA seeks Thai elite’s support for ASEAN membership
CA seeks Thai elite’s support for ASEAN membership
Latest News
SAFF extraordinary congress held
SAFF extraordinary congress held
42 minutes ago | Sports
Elton John says new album 'freshest' since 1970s
Elton John says new album 'freshest' since 1970s
1 hour ago | Entertainment
CA urges Thailand to ease visa procedures
CA urges Thailand to ease visa procedures
1 hour ago | National
Families of Duterte drug war victims demand probe into online threats
Families of Duterte drug war victims demand probe into online threats
1 hour ago | International
Sisu – the Finnish concept of action and creativity in hard times
Sisu – the Finnish concept of action and creativity in hard times
1 hour ago | Lifestyle
Myanmar agrees to take back 1.8 lakh Rohingyas
Myanmar agrees to take back 1.8 lakh Rohingyas
1 hour ago | National
China imposes 34% tariffs on US goods in retaliation for Trump’s trade war
China imposes 34% tariffs on US goods in retaliation for Trump’s trade war
2 hours ago | International
NCP ready to take challenge to contest in 300 seats: Sarjis
NCP ready to take challenge to contest in 300 seats: Sarjis
2 hours ago | National
CA holds bilateral meeting with Sri Lankan premier
CA holds bilateral meeting with Sri Lankan premier
2 hours ago | National
Security 'breakdown' allows armed men into Melbourne's MCG
Security 'breakdown' allows armed men into Melbourne's MCG
2 hours ago | Sports
Hridoy poised to succeed Tamim as Mohammedan Captain
Hridoy poised to succeed Tamim as Mohammedan Captain
2 hours ago | Sports
Pacific nations perplexed, worried by Trump tariffs
Pacific nations perplexed, worried by Trump tariffs
3 hours ago | International
Israel turns two-thirds of Gaza into no-go zones: UN
Israel turns two-thirds of Gaza into no-go zones: UN
3 hours ago | International
Mass grave of Roman-era fighters uncovered in Vienna
Mass grave of Roman-era fighters uncovered in Vienna
3 hours ago | Tech
Prof. Yunus presents photograph to Modi
Prof. Yunus presents photograph to Modi
3 hours ago | National
BIMSTEC secretary general meets CA
BIMSTEC secretary general meets CA
3 hours ago | National
Yunus-Modi meeting fruitful: Press Secretary
Yunus-Modi meeting fruitful: Press Secretary
4 hours ago | National
Europe discontent over Russia for rejecting Trump's truce push
Europe discontent over Russia for rejecting Trump's truce push
4 hours ago | International
7 killed in deadly US tornado
7 killed in deadly US tornado
4 hours ago | International
IMF team to arrive in Dhaka tomorrow
IMF team to arrive in Dhaka tomorrow
4 hours ago | National
Extortion fuels unrest in CHT: Home Adviser
Extortion fuels unrest in CHT: Home Adviser
4 hours ago | National
US tariffs a 'significant risk' to global economy: IMF
US tariffs a 'significant risk' to global economy: IMF
4 hours ago | International
CA holds bilateral talks with Bhutan PM
CA holds bilateral talks with Bhutan PM
5 hours ago | National
Trump unveils first $5 million 'gold card' visa
Trump unveils first $5 million 'gold card' visa
5 hours ago | International
Key decisions ahead for Proteas and Aussies before WTC final
Key decisions ahead for Proteas and Aussies before WTC final
5 hours ago | Sports
Bangladesh, Thailand sign MoU to jointly combat corruption
Bangladesh, Thailand sign MoU to jointly combat corruption
5 hours ago | National
CA seeks Thai elite’s support for ASEAN membership
CA seeks Thai elite’s support for ASEAN membership
6 hours ago | National
Veteran Bollywood actor Manoj Kumar dies
Veteran Bollywood actor Manoj Kumar dies
6 hours ago | Entertainment
Mild to moderate heat wave sweeps over many districts
Mild to moderate heat wave sweeps over many districts
7 hours ago | National
Hasina’s extradition, border, water issues featured in Dr Yunus-Modi first-ever talks
Hasina’s extradition, border, water issues featured in Dr Yunus-Modi first-ever talks
7 hours ago | National
Most Read
Dhaka's air 'unhealthy' today
Dhaka's air 'unhealthy' today
12 hours ago | City
Hasina’s extradition, border, water issues featured in Dr Yunus-Modi first-ever talks
Hasina’s extradition, border, water issues featured in Dr Yunus-Modi first-ever talks
7 hours ago | National
Mymensingh youth who participated in Ukraine war for Russia dies
Mymensingh youth who participated in Ukraine war for Russia dies
22 hours ago | National
Turkiye condemns Israel as greatest threat to regional peace
Turkiye condemns Israel as greatest threat to regional peace
12 hours ago | International
Bangladesh to chair BIMSTEC for 2 years
Bangladesh to chair BIMSTEC for 2 years
9 hours ago | National
Country’s export sector in deep crisis amid 37% US tariff
Country’s export sector in deep crisis amid 37% US tariff
9 hours ago | Business
Holding polls at earliest possible time top priority: CA
Holding polls at earliest possible time top priority: CA
10 hours ago | National
CA to hold bilateral talks with Modi, other BIMSTEC leaders tomorrow
CA to hold bilateral talks with Modi, other BIMSTEC leaders tomorrow
23 hours ago | National
Bangladesh, Thailand sign MoU to jointly combat corruption
Bangladesh, Thailand sign MoU to jointly combat corruption
5 hours ago | National
Dhaka weather to stay consistent until noon
Dhaka weather to stay consistent until noon
11 hours ago | City
Rescue team led by Bangladesh Army continues its operation in Myanmar
Rescue team led by Bangladesh Army continues its operation in Myanmar
23 hours ago | National
White House releases AFTP report, signaling major shift in US trade policy
White House releases AFTP report, signaling major shift in US trade policy
11 hours ago | Business
Deadly fire on Gaza ambulances possible Israeli 'war crimes': UN official
Deadly fire on Gaza ambulances possible Israeli 'war crimes': UN official
10 hours ago | International
Elizabeth Strout, Miranda July shortlisted for Women's Prize for Fiction
Elizabeth Strout, Miranda July shortlisted for Women's Prize for Fiction
22 hours ago | Lifestyle
Yunus-Modi meeting fruitful: Press Secretary
Yunus-Modi meeting fruitful: Press Secretary
3 hours ago | National
CA seeks humanitarian channel in Rakhine to stop further displacement
CA seeks humanitarian channel in Rakhine to stop further displacement
9 hours ago | National
Israel kills at least 112 Palestinians in past 24 hours
Israel kills at least 112 Palestinians in past 24 hours
7 hours ago | International
Bangladesh set for relentless cricket calendar through early 2027
Bangladesh set for relentless cricket calendar through early 2027
7 hours ago | Sports
Mild to moderate heat wave sweeps over many districts
Mild to moderate heat wave sweeps over many districts
6 hours ago | National
Prof. Yunus presents photograph to Modi
Prof. Yunus presents photograph to Modi
3 hours ago | National
Mohsin Naqvi elected chairman of the ACC
Mohsin Naqvi elected chairman of the ACC
23 hours ago | Sports
Japan PM Ishiba says Trump tariffs 'national crisis'
Japan PM Ishiba says Trump tariffs 'national crisis'
8 hours ago | Business
Veteran Bollywood actor Manoj Kumar dies
Veteran Bollywood actor Manoj Kumar dies
6 hours ago | Entertainment
CA joins breakfast meeting on BIMSTEC sidelines
CA joins breakfast meeting on BIMSTEC sidelines
10 hours ago | National
CA seeks Thai elite’s support for ASEAN membership
CA seeks Thai elite’s support for ASEAN membership
6 hours ago | National
IMF team to arrive in Dhaka tomorrow
IMF team to arrive in Dhaka tomorrow
4 hours ago | National
Trump unveils first $5 million 'gold card' visa
Trump unveils first $5 million 'gold card' visa
5 hours ago | International
South Korea's Constitutional Court ousts impeached President Yoon
South Korea's Constitutional Court ousts impeached President Yoon
12 hours ago | International
Zambia’s US-based players withdrawn from China tournament over travel rules
Zambia’s US-based players withdrawn from China tournament over travel rules
11 hours ago | Sports
CA holds bilateral talks with Bhutan PM
CA holds bilateral talks with Bhutan PM
5 hours ago | National