Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Thursday, November 23, 2017 07:52:57 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

WB provides $473m support to build urban resilience

By UNB, DHAKA
01st-Jul-2015       
Comments
Share your thought
Post a comment »
Read all () »


The government on Tuesday signed two financing agreements with the International Development Association (IDA) of the World Bank under which the lending agency would provide $ 473 million to build a strong financial sector and long-term disaster resilience in urban areas of Dhaka and Sylhet.
Of the amount, $300 million is for the Financial Sector Support project, while $173 million for the Urban Resilience project.
Economic Relations Division (ERD) Senior Secretary Mohammad Mejbahuddin and World Bank Acting Country Head Christine Kimes signed the deals on behalf of their respective side at the ERD.
Credits from IDA have a 38 year term, including a 6-year grace period, and a service charge of 0.75 percent.
The Financial Sector Support project will support developing long-term financing market in Bangladesh. The project will enable the participating financial institutions to provide long-term financing to manufacturing and export intensive firms.
The Urban Resilience Project will address seismic risk and reduce structural vulnerability of future building constructions in Dhaka and Sylhet. The project will strengthen the capacity of government agencies to respond to emergency events by equipping them with response resources, including emergency operations centers, inter-operable communication systems, and search and rescue equipment.
The project will also contribute to improved building construction practices through certified training programs and development of on-line permitting systems in Dhaka and Sylhet.
"The two projects signed today will contribute to building a prosperous and resilient Bangladesh. The Financial Sector Support Project will help make doing business in Bangladesh easier by providing eligible private sector firms with access to long-term financing. This will help to create more jobs," said World Bank's acting Country Head Christine Kimes.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Forces Mugabe relied on threw him out


ZIMBABWE'S President Robert Mugabe resigned on Tuesday ending his 37-year rule of the African nation as independence leader from British colonial rule in 1980. He started as a hero but ended as a most unpopular despot through his years of misrule, repression of dissent, election rigging and quarrelling with the ...

International »

Lebanon`s Hariri suspends resignation as PM, easing crisis


Reuters, Beirut :Lebanon's Saad al-Hariri on Wednesday suspended his decision to resign as prime minister at the request of President Michel Aoun to allow for dialogue, easing a major political crisis.Hariri made his announcement after returning to Beirut on Tuesday night for the first time since his Nov. 4 shock ...

Sports »

Ranjit Sarkar of Bangladesh in action during the boys' singles match of the Bengal Plastic Asian Under-14 Series Tennis Championship at the National Tennis Complex in the city's Ramna on Wednesday.


City »

Pedestrians walking through the very busy road adjacent to foot-over bridge at Banani's Kakoli area in the city risking the life but traffic police remain indifferent to stop the walking. This photo was taken yesterday.


Entertainment »

Kriti Sanon’s hair game sets major goals


A new hairstyle can instantly turn around your look and even your day and actress Kriti Sanon is surely setting some hair goals.  We are stunned by Kriti Sanon’s look, which combined the fun of braids with the elegance of blow-dried waves and some casuals at its best.  Here’s a ...

Entertainment »

Gulbadan from Firangi brings back the ‘Old School Mujra’ back


Kapil Sharma is gearing up for his next movie Firangi which is all set to release on 1st December 2017. A historical period drama set in 1920. The movie is produced by Kapil Sharma’s production while it is directed by Rajiev Dhingra. As the movie is ready to release in ...

Editorial »

HC verdict is well meaning: Hospitals must appreciate


THE High Court ordered hospitals and clinics not to hold body of a deceased if his or her family fails to immediately pay the medical bill to release the body. It has also asked the Health Secretary and the Director General of the Directorate of Health Services to issue a ...

International »

Putin, Assad for political solution to Syria`s conflict


Reuters, Moscow  :Russian President Vladimir Putin hosted Syrian leader Bashar al-Assad to talk about the need to move from military operations to the search for a political solution to Syria's conflict, the Kremlin said on Tuesday.Russia is actively trying to build an international consensus around a peace deal for Syria, ...

Sports »

A scene from the opening ceremony of the Omicon Group 43rd National A Chess Championship held at Bangladesh Chess Federation hall-room on Tuesday.


Sports »

Sharapova named in India luxury housing fraud probe


AFP, New Delhi :Five-time Grand Slam champion Maria Sharapova is under investigation in India for cheating and criminal conspiracy after the collapse of a luxury housing project that she endorsed, police and a lawyer said Tuesday.The firm behind the development is alleged to have taken millions of dollars from homebuyers ...

Entertainment »

Janhvi dazzles at IFFI in ethnic wear


Janhvi Kapoor who is all set mark her Bollywood debut with Karan Johar’s Dhadak opposite Ishaan Khatter makes a dazzling entry at 48th IFFI 2017 in Goa. Janhvi was accompanied by her mother Sridevi and father Boney Kapoor. Janhvi looked elegant wearing Anamika Khanna lehenga choli. It is probably Janhvi’s ...

City »

Uphold image of Armed Forces: President


President M Abdul Hamid on Tuesday asked the members of Armed Forces to uphold their image at national and international levels by ensuing utmost professionalism. "Uphold the image of the armed forces . . . Help continue the country's ongoing development trend in the days to come," President's Press Secretary ...

Editorial »

Use of toxic tannery wastes in poultry feed


MEDIA reports said an increasing number of poultry feed mills using dangerously toxic tannery wastes laced with poisonous chemicals as raw materials remain the biggest threat to public health. They are moreover flouting is a ban of the High Court for producing and marketing the toxic feed for animals which ...

International »

Putin plan to rejuvenate Russian politics makes slow progress


Reuters, Moscow :Poised to run for a fourth term, President Vladimir Putin has started clearing out the old Russian political elite and says he's bringing in young people with "fire in their eyes."But a Reuters analysis shows that he has made limited progress so far.In the run up to March ...

Sports »

Participants run during the Delhi Half Marathon in New Delhi, India on Sunday. Ethiopia's Birhanu Legese and Almaz Ayana won the men's and women's elite categories, respectively.


 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news