Zoellick for speedy implementation of Bank-funded projects
Monday, 5 November 2007
FE Report
World Bank President Robert Zoellick said Sunday that Bangladesh should outline an action plan for successful implementation of the development programmes, taken up by the government with the Bank's credit support.
He also assured the Bangladesh government of the Bank's enhanced credit support for accelerating the country's economic development.
Zoellick made the suggestion and assurance while making a courtesy call on Chief Adviser Fakhruddin Ahmed at the latter's office before leaving Dhaka after his two-day visit, Chief Adviser's Press Secretary Fahim Monaim told newsmen.
Appreciating the ongoing reforms programmes of the caretaker government, the WB chief also hailed the micro and macro economic performances of the country.
He also suggested that the government should speed up implementation process of the WB-funded projects.
The top boss of the global lender also assured Bangladesh of extending the Bank's support regarding the capacity building to other government organs from the existing union parishads level, Fahim told a press briefing.
The WB would play a proactive role in the passage of the proposed USD trade bill that will allow duty and quota-free access of Bangladesh products to the US market, he said.
Zoellick, however, expressed the Bank's willingness to prove supports for conducting an analytical study to mitigate the possible adverse impact of the global warming on Bangladesh.
Mentioning that a US$ 56 million scheme styled "Agricultural Technology Project' will soon get approved by the WB, Zoellick said, the Bank would continue its credit support for the projects until 2015 depending on its successful implementation.
About the regional cooperation, he said both Bangladesh and India should take necessary steps to use surplus energy from Nepal and Bhutan through the arrangements under the South Asian Association for Regional Cooperation.
Finance Adviser Mirza Azizul Islam, Bangladesh Bank Governor Salehuddin Ahmed, Finance and ERD secretaries and other senior officials of Bangladesh government and World Bank were present on the occasion.
World Bank President Robert Zoellick said Sunday that Bangladesh should outline an action plan for successful implementation of the development programmes, taken up by the government with the Bank's credit support.
He also assured the Bangladesh government of the Bank's enhanced credit support for accelerating the country's economic development.
Zoellick made the suggestion and assurance while making a courtesy call on Chief Adviser Fakhruddin Ahmed at the latter's office before leaving Dhaka after his two-day visit, Chief Adviser's Press Secretary Fahim Monaim told newsmen.
Appreciating the ongoing reforms programmes of the caretaker government, the WB chief also hailed the micro and macro economic performances of the country.
He also suggested that the government should speed up implementation process of the WB-funded projects.
The top boss of the global lender also assured Bangladesh of extending the Bank's support regarding the capacity building to other government organs from the existing union parishads level, Fahim told a press briefing.
The WB would play a proactive role in the passage of the proposed USD trade bill that will allow duty and quota-free access of Bangladesh products to the US market, he said.
Zoellick, however, expressed the Bank's willingness to prove supports for conducting an analytical study to mitigate the possible adverse impact of the global warming on Bangladesh.
Mentioning that a US$ 56 million scheme styled "Agricultural Technology Project' will soon get approved by the WB, Zoellick said, the Bank would continue its credit support for the projects until 2015 depending on its successful implementation.
About the regional cooperation, he said both Bangladesh and India should take necessary steps to use surplus energy from Nepal and Bhutan through the arrangements under the South Asian Association for Regional Cooperation.
Finance Adviser Mirza Azizul Islam, Bangladesh Bank Governor Salehuddin Ahmed, Finance and ERD secretaries and other senior officials of Bangladesh government and World Bank were present on the occasion.