WB plans to raise funding for BD power sector

The World Bank (WB) is considering increasing funding for the country's power sector and extending fiscal support.
The WB is currently financing 36 projects involving US$6.60 billion, according to a latest document of the global lender.
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, reports BSS.
The projects covering education, health, social safety-net and local government also got major portion of the funding.
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 WB Group, held early this month in Washington DC.
The WB 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, Aforestation and Reforestation Project, Integrated Agriculture Productivity, Strengthening Legislative Oversight and Strengthening Auditor General's Office.