The World Bank : declares To Continue Supports For the development of Bangladesh
Tuesday, December 15th, 2009
Bangladesh get a record $1 billion from the World Bank over the last two years and the inclination is likely to continue in the current fiscal year to June 2010, the World Bank’s Bangladesh country director Ellen Goldstein said on Tuesday.
“The amount flowing into the country far exceeds repayments, so the World Bank makes a strong positive contribution to development in Bangladesh,” said Ellen Goldstein, who joined as country director last month.
“The World Bank will seek to commit a similar amount in the current year in line with the government priorities,” it said in a statement.
During her initial meeting with Prime Minister of Bangladesh Sheikh Hasina, Ellen Goldstein reaffirmed the World Bank’s willingness to increase supports for the growth-enhancing infrastructure, social development and nutrition programs as well as local delivery of public services.
In addition to disbursements from the existing portfolio, the World Bank committed a record amount of over $ 1 billion for new operations during the last fiscal year (FY09), the statement said, adding that many of these operations are beginning to disburse this year.
The World Bank continues to maintain disbursements during the current year under its existing projects.
The amendments in the public procurement act (PPA) 2006 concern only local procurement contracts, which are less than a third of total World Bank-funded procurement.
“To ensure smooth continuation of local procurement, the World Bank has already sent revised financing agreements for the World Bank-financed projects to the government for counter signature,” the statement added.
Ms. Goldstein, who joined as the Country Director in November this year, also met recently with ministers, secretaries and members of the civil society with whom she engaged in development dialogue.
The country’s priorities will be reflected in the World Bank’s new Country Assistance Strategy for 2010-2013, which is now under preparation, according to the statement.
She also offered Bangladesh, one of the countries most vulnerable to climate change, the World Bank’s support for effective implementation of its Climate Change Strategy and Action Plan.










