BD inks over $1b deal with WB for pandemic responding
Business Desk :
The government of Bangladesh signed three financing agreements totaling $1.04 billion with the World Bank to respond to the Covid-19 pandemic and to build resilience to future crises including vaccination against Covid-19.
The agreements were signed by Economic Relations Division secretary Fatima Yasmin and World Bank Country Director for Bangladesh and Bhutan Mercy Tembon on behalf of the Government and the World Bank, respectively.
The credits are from the World Bank's International Development Association (IDA), and have a 30-year term, including a five-year grace period. The $500 million additional financing to the Covid-19 Emergency Response and Pandemic Preparedness Project will help Bangladesh vaccinate about 54 million people against Covid-19, according to a WB press release issued on Wednesday. It said that it will help the government procure vaccines; expand storage facilities; and distribute and deploy the vaccines.