A financing agreement has been signed on Sunday between the Bangladesh government and the International Development Association (IDA) of the World Bank Group for an equivalent amount of US$ 500 million loan to implement the "Second Bangladesh Green and Climate Resilient DPC Programme".
The main objective of the stated programme is to strengthen fiscal and financial sector policies to sustain growth and to enhance resilience to future shocks, including climate change, said a press release today.
Finance Division is the main implementing agency of this programme. Other implementing ministries or divisions are Local Government Division, Bangladesh Bank, Ministry of Planning, Ministry of Environment, Forest and Climate Change, Ministry of Power, Energy and Mineral Resources, Ministry of Science and Technology, Health Services Division and National Board of Revenue.
Md Shahriar Kader Siddiky, Secretary, Economic Relations Division and Abdoulaye Seck, Country Director, the World Bank signed the financing agreement on behalf of their respective sides.
Out of 500 million, $250 million loan is being taken from the World Bank's IDA-Regular loan.
