Bangladesh signs deal with World Bank on development support credit
Dhaka, Bangladesh | June 03, 2007 by
The Bangladeshi government signed here Saturday an agreement with the World Bank on the fourth development support credit (DSC IV) of 200 million U.S. dollars in policy-based lending to bolster the country's ongoing reform efforts.
The World Bank's Board of Directors approved the loan at its meeting in Washington DC on May 29, raising the total disbursement in policy-based lending for Bangladesh to 1.1 billion U.S. dollars since 2003.
The DSC IV operations support implementation of the government's development strategy as laid out in its Poverty Reduction Strategy Paper (PRSP).
In particular, the DSC-supported reforms are strengthening core governance functions with emphasis on reforms in public procurement, budget formulation and execution, and tax administration.
It also supports improving the investment climate by maintaining macroeconomic stability, strengthening performances of banking and energy sectors and state-owned enterprises.
Read Also
- Bangladesh Bank to Control on Non-Productive Credit
- World Bank VP praises Bangladesh’s Major Achievements
- D-8 Supports Bangladesh Bank Decision to Prioritize Credit to SMEs and Farms
- Bangladesh gets a $465 million loan from the Asian Development Bank (ADB)
- World Bank Pledges $100m in Food Aid to Bangladesh
- World Bank pledges $100m in food aid to Bangladesh
- World Bank Praises Bangladesh Poverty Reduction
- Egypt Named One of the World’s Top Economic Reformers by World Bank
- World Bank: Egypt, Indonesia and Turkey are Large Emerging Markets Group Having Quick Business Reforms
- ADB Provides Bangladesh 22 mln USD for Tourism, Bridge Design Development
Loading ...
Loading ...
Share your thoughts on this story. Please increase the credibility of your post by including your name and city, and by demonstrating respect for others' opinions. Comments will not appear immediately; all comments are moderated and will be posted in order of submission.