Bangladesh to get 3280 crore USD from World Bank

The World Bank is going to provide a 27cr USD loan to Bangladesh to alleviate the suffering of flood-affected people and to prepare for future disasters.

The loan was approved at the organization's headquarters in Washington, DC on Thursday (May 15), said Word Bank’s Dhaka office.

"Bangladesh is regarded as a leader in climate change adaptation and disaster preparedness. But the increasing climate risks and more frequent and severe natural disasters take a heavy toll on communities and the economy. Building resilience against natural disasters is both a development and an economic priority for Bangladesh," said Gayle Martin, World Bank Interim Country Director for Bangladesh.

"This project will strengthen the country's disaster preparedness system and improve livelihoods and bolster food security for those hardest hit by floods in Sylhet and Chattogram divisions." added Martin.