Approval of Tk 2314 crore for Bangladesh

Dhaka: The World Bank has approved a loan of 21 million dollars for Bangladesh. In Bangladeshi Taka which is about 2 thousand 314 crore 83 lakh Taka.

The Board of Executive Directors of the organization has approved this amount.

This information was informed in a press release sent from the Dhaka office of the World Bank on Wednesday (November 1).

According to the Dhaka office, the Executive Board of the World Bank has approved a loan of 21 million US dollars under the project Enhancing Investments and Benefits for Early Years (BEIBEY). This World Bank loan has to be repaid in 30 years with a grace period of 5 years.

About 17 lakh pregnant women of the country will directly benefit from this money of the organization. Through this scheme women will be provided counseling services along with improving nutrition during pregnancy. Besides, through this project, the mothers of those families who have children under 4 years of age will also get this benefit.

In this regard, World Bank Country Director of Bangladesh and Bhutan Abdoulaye Sek said, ensuring adequate nutrition for women before giving birth and in the first 1,000 days after the birth of children, and care throughout childhood, will be supported for the development of the child’s brain and good health through this project. This will enable every child to be more active and contribute more when they grow up. The project will help inform poor mothers about timely and appropriate care for their children and improve the health and well-being of their children.

He said, despite significant achievements in human development, access to education remains a challenge in Bangladesh due to malnutrition and poverty among children. It has increased during covid and lockdown. This project will have long-term implications for the development of quality education of children and their future productivity.

Bangladesh Time: 1455 hours, November 1, 2023
ZA/MJ