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
Chatra League leader Nishi arrested in Satkhira
Chatra League leader Nishi arrested in Satkhira
Delhi expects cooperative approach to combat cross-border crimes: MEA
Delhi expects cooperative approach to combat cross-border crimes: MEA
Hasina is the mastermind behind all killings: Jamat secretary general
Hasina is the mastermind behind all killings: Jamat secretary general
JnU students call off hunger strike after receiving assurance
JnU students call off hunger strike after receiving assurance
South Korean special envoy to visit Bangladesh Jan 22-23
South Korean special envoy to visit Bangladesh Jan 22-23
Fakhrul discusses bilateral issues with Chinese envoy
Fakhrul discusses bilateral issues with Chinese envoy
Jamaat urges govt not to increase gas price
Jamaat urges govt not to increase gas price
Get ready to face movement for delay in election: Oli warns Govt
Get ready to face movement for delay in election: Oli warns Govt
Court orders seizure of tax files of ex-IGP Benazir, daughter
Court orders seizure of tax files of ex-IGP Benazir, daughter
63 lawyers get bail in case filed over Chinmoy issue
63 lawyers get bail in case filed over Chinmoy issue
75 senior police officers transferred
75 senior police officers transferred
No distance between BNP and Jamaat: Nayeb-e-Ameer
No distance between BNP and Jamaat: Nayeb-e-Ameer
Latest News
Rangpur Riders win thriller to confirm seventh straight victory
Rangpur Riders win thriller to confirm seventh straight victory
1 hour ago | Sports
Chatra League leader Nishi arrested in Satkhira
Chatra League leader Nishi arrested in Satkhira
1 hour ago | National
hMPV virus: CAAB urges all to wear masks at Dhaka airport
hMPV virus: CAAB urges all to wear masks at Dhaka airport
2 hours ago | City
Delhi expects cooperative approach to combat cross-border crimes: MEA
Delhi expects cooperative approach to combat cross-border crimes: MEA
2 hours ago | National
Bangladesh wants balanced trade with Malaysia
Bangladesh wants balanced trade with Malaysia
2 hours ago | Business
Hasina is the mastermind behind all killings: Jamat secretary general
Hasina is the mastermind behind all killings: Jamat secretary general
2 hours ago | National
Military kills 16 civilians in air strike 'mistake' in Nigeria
Military kills 16 civilians in air strike 'mistake' in Nigeria
3 hours ago | International
JnU students call off hunger strike after receiving assurance
JnU students call off hunger strike after receiving assurance
3 hours ago | National
South Korean special envoy to visit Bangladesh Jan 22-23
South Korean special envoy to visit Bangladesh Jan 22-23
3 hours ago | National
Fakhrul discusses bilateral issues with Chinese envoy
Fakhrul discusses bilateral issues with Chinese envoy
4 hours ago | National
The Seven Circles: Indigenous teachings for living well in life
The Seven Circles: Indigenous teachings for living well in life
4 hours ago | Lifestyle
Jamaat urges govt not to increase gas price
Jamaat urges govt not to increase gas price
4 hours ago | National
JnU students block Secretariat entrance
JnU students block Secretariat entrance
4 hours ago | City
Kings dominate Strikers with a comfortable 30-run win
Kings dominate Strikers with a comfortable 30-run win
5 hours ago | Sports
Iran adds 1,000 high-tech drones to combat fleet
Iran adds 1,000 high-tech drones to combat fleet
5 hours ago | International
Get ready to face movement for delay in election: Oli warns Govt
Get ready to face movement for delay in election: Oli warns Govt
5 hours ago | National
Nahid Rana to play for Peshawar Zalmi in PSL
Nahid Rana to play for Peshawar Zalmi in PSL
5 hours ago | Sports
Court orders seizure of tax files of ex-IGP Benazir, daughter
Court orders seizure of tax files of ex-IGP Benazir, daughter
6 hours ago | National
India’s Maha Kumbh Mela gets under way for first time in 144 years
India’s Maha Kumbh Mela gets under way for first time in 144 years
6 hours ago | International
63 lawyers get bail in case filed over Chinmoy issue
63 lawyers get bail in case filed over Chinmoy issue
6 hours ago | National
75 senior police officers transferred
75 senior police officers transferred
6 hours ago | National
Trudeau urges US consumers to consider the harm of Trump’s tariff threats
Trudeau urges US consumers to consider the harm of Trump’s tariff threats
6 hours ago | International
No distance between BNP and Jamaat: Nayeb-e-Ameer
No distance between BNP and Jamaat: Nayeb-e-Ameer
6 hours ago | National
July uprising: 8 Khulna lawyers sent to jail
July uprising: 8 Khulna lawyers sent to jail
7 hours ago | National
DIG Golam Rasul becomes SB chief
DIG Golam Rasul becomes SB chief
7 hours ago | National
Australia names Matt Short, Aaron Hardie, Nathan Ellis for Champions Trophy
Australia names Matt Short, Aaron Hardie, Nathan Ellis for Champions Trophy
7 hours ago | Sports
CA urges Malysia to issue multiple-entry visas for Bangladeshi workers
CA urges Malysia to issue multiple-entry visas for Bangladeshi workers
7 hours ago | National
India summons Bangladesh envoy in New Delhi
India summons Bangladesh envoy in New Delhi
7 hours ago | National
Temperature may fall after 5 days: BMD
Temperature may fall after 5 days: BMD
7 hours ago | National
Billion-pound lawsuit against Apple over App Store opens in UK
Billion-pound lawsuit against Apple over App Store opens in UK
7 hours ago | Tech
Most Read
Dry weather, light rain likely over parts of country
Dry weather, light rain likely over parts of country
12 hours ago | National
CA urges Malysia to issue multiple-entry visas for Bangladeshi workers
CA urges Malysia to issue multiple-entry visas for Bangladeshi workers
7 hours ago | National
Nahid Rana to play for Peshawar Zalmi in PSL
Nahid Rana to play for Peshawar Zalmi in PSL
5 hours ago | Sports
Ex-state minister for industry sent to jail
Ex-state minister for industry sent to jail
11 hours ago | National
Business owners push to close businesses due to rising costs
Business owners push to close businesses due to rising costs
10 hours ago | Business
Los Angeles races to contain wildfires as severe winds appear
Los Angeles races to contain wildfires as severe winds appear
14 hours ago | International
10 best free AI image generator
10 best free AI image generator
11 hours ago | Lifestyle
Why to discuss minus two again
Why to discuss minus two again
15 hours ago | Special
The Seven Circles: Indigenous teachings for living well in life
The Seven Circles: Indigenous teachings for living well in life
4 hours ago | Lifestyle
Shayan F Rahman joins corruption controversy amid Tulip scandal in UK
Shayan F Rahman joins corruption controversy amid Tulip scandal in UK
13 hours ago | International
Prosecution secures call records of Hasina, key officials
Prosecution secures call records of Hasina, key officials
9 hours ago | National
Brazilian ambassador calls on Jamaat Ameer
Brazilian ambassador calls on Jamaat Ameer
11 hours ago | National
No hope on the horizon
No hope on the horizon
12 hours ago | Special
DIG Golam Rasul becomes SB chief
DIG Golam Rasul becomes SB chief
7 hours ago | National
Barcelona beat Real Madrid to win Spanish Super Cup
Barcelona beat Real Madrid to win Spanish Super Cup
13 hours ago | Sports
Illegal hospitals, frightful treatment
Illegal hospitals, frightful treatment
12 hours ago | Special
HC rejects writ challenging validity of Interim Government
HC rejects writ challenging validity of Interim Government
11 hours ago | National
I've no interest in proving anything to anyone
I've no interest in proving anything to anyone
15 hours ago | Sports
Elon Musk’s Neuralink completes third human brain-chip implant
Elon Musk’s Neuralink completes third human brain-chip implant
14 hours ago | Tech
What Antony Blinken reflects on about America’s role in world as his term as secretary of state ends
What Antony Blinken reflects on about America’s role in world as his term as secretary of state ends
14 hours ago | International
10 Banks and 10 Groups: A brief gap in understanding
10 Banks and 10 Groups: A brief gap in understanding
8 hours ago | Special
ACC sues Rehana, Bobby, Azmina for grabbing Purbachal plots
ACC sues Rehana, Bobby, Azmina for grabbing Purbachal plots
8 hours ago | National
Israeli attacks kill 70 children in Gaza in just five days
Israeli attacks kill 70 children in Gaza in just five days
14 hours ago | International
Tougher US sanctions to curb Russian oil supply to China and India
Tougher US sanctions to curb Russian oil supply to China and India
14 hours ago | Business
No distance between BNP and Jamaat: Nayeb-e-Ameer
No distance between BNP and Jamaat: Nayeb-e-Ameer
7 hours ago | National
Five things to know about Blue Origin's new rocket New Glenn
Five things to know about Blue Origin's new rocket New Glenn
14 hours ago | Tech
Revenue deficit stands at Tk42,000cr in 5 months
Revenue deficit stands at Tk42,000cr in 5 months
12 hours ago | Business
UFC champion Khabib removed from flight in US
UFC champion Khabib removed from flight in US
13 hours ago | Sports
300 N. Korean soldiers killed, 2,700 injured in Ukraine
300 N. Korean soldiers killed, 2,700 injured in Ukraine
12 hours ago | International
Bezos sees no threat from Musk-Trump ties in space race
Bezos sees no threat from Musk-Trump ties in space race
11 hours ago | Tech