‘The COVID-19 pandemic continues to be an enormous challenge around the world. So far, Bangladesh has tackled the challenges well through fiscal stimulus and social protection programs. However economic recovery would depend on vaccination for those who need it most, and actions to increase efficiency and boost productivity,’ said Mercy Tembon, World Bank Country Director for Bangladesh and Bhutan.
These projects will help vaccinate about one-third of the population, attract direct private investment in specialized economic zones and expand as well as upgrade the electronic government procurement system, she said.
The $500 million Private Investment and Digital Entrepreneurship (PRIDE) Project will promote and attract about $2 billion direct private investments and strengthen social and environmental standards in selected public and private economic zones and software technology parks.
World Bank and Bangladesh sign $1 04 billion agreements to COVID-19 response devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
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 depl
Bangladesh receives over $1b WB financing to fight COVID-19
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DHAKA, April 14, 2021 (BSS) – 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, expand electronic procurement and accelerate economic recovery.
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. It will help the government procure vaccines; expand storage facilities; and distribute and deploy the vaccines, said a World Bank press release today.
The project will also continue to provide support to strengthen the national health systems to detect, prevent, and treat COVID-19 cases as well for preparedness for future health emergencies.
Bangladesh Receives Over $1 Billion World Bank Financing for Vaccination and Responding to COVID-19 Pandemic
DHAKA, April 14, 2021 - 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, expand electronic procurement and accelerate economic recovery.
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. It will help the government procure vaccines; expand storage facilities; and distribute and deploy the vaccines. The project will also continue to provide support to strengthen the national health systems to detect, prevent, and treat COVID-19 cases as well for preparedness for future health emergencies.