Wednesday the Bangladesh government and the Washington-based lender signed two financing agreements on to implement two schemes.
It is important to mentioned here that recently the World Bank declared that it will extend $858 million credit support to Bangladesh to enhance climate-resilient agricultural growth, food security, and improve road safety.
The agreement was signed by Economic Relations Division (ERD) Secretary Sharifa Khan and World Bank Country Director Abdoulaye Seck on behalf of their respective sides at an event at ERD, said a World Bank press release.
The $500 million Program on Agricultural and Rural Transformation for Nutrition, Entrepreneurship, and Resilience (PARTNER), the $358 million Road Safety Project.
The program will support sustainable and nutritious food production through greater efficiency in input use, good agricultural practices, and the promotion of stress-tolerant and nutrient-dense varieties.
It will help increase entrepreneurship and access to services by expanding access to digital agricultural services tools, improved food safety processes, and increased female and youth entrepreneurship.
Reaches ; It will also help modernize institutions and policies through improved data management, increased research and development activities, and partnerships with global agricultural research institutions and with the private sector.It will help modernize the capacity of the traffic police and highway patrol to manage speeding and prevent risky road user behavior.
About health service ; It improve post-crash care, it will set up an ambulance service via a toll-free number and upgraded emergency care services in selected district hospitals, and upazila health complexes along the two national highway corridors.
“Bangladesh has made remarkable development and economic growth since independence. New frontiers of challenges, like increasing climate change impacts, now call for urgent actions. The World Bank is committed to helping Bangladesh overcome barriers to sustainable and inclusive green growth,” said Abdoulaye Seck, World Bank Country Director for Bangladesh and Bhutan.
About Agriculture; These two projects will be important to help the country remain on a sustainable growth path through boosting climate-resilient agricultural productivity and enhancing the income of hundreds and thousands of farmers as well as protect the people and the economy from the loss caused by untimely deaths, disabilities, and injuries resulting from road crashes,