Strong WB support likely to continue this fiscal
Wednesday, 16 December 2009
Bangladesh received a record $1.0 billion from the World Bank over the last two years and the trend is likely to continue in the current fiscal year to June 2010, the World Bank's Bangladesh country director said on Tuesday, reports Reuters.
"The amount flowing into the country far exceeds repayments, so the World Bank makes a strong positive contribution to development in Bangladesh," said Ellen Goldstein, who joined as country director last month.
"The World Bank will seek to commit a similar amount in the current year in line with the government priorities," it said in a statement.
Goldstein reaffirmed the World Bank's willingness to increase support for infrastructure, social development and nutrition programmes and local delivery of public services.
She also offered Bangladesh, one of the countries most vulnerable to climate change, the World Bank's support for effective implementation of its Climate Change Strategy and Action Plan.
"The amount flowing into the country far exceeds repayments, so the World Bank makes a strong positive contribution to development in Bangladesh," said Ellen Goldstein, who joined as country director last month.
"The World Bank will seek to commit a similar amount in the current year in line with the government priorities," it said in a statement.
Goldstein reaffirmed the World Bank's willingness to increase support for infrastructure, social development and nutrition programmes and local delivery of public services.
She also offered Bangladesh, one of the countries most vulnerable to climate change, the World Bank's support for effective implementation of its Climate Change Strategy and Action Plan.