SME Times is powered by   
Search News
Just in:   • MSMEs will play a key role towards ‘Viksit Bharat’ goal: NK Singh  • India’s engineering goods exports touch all-time high of $116.7 billion in 2024-25  • Trade minister vows all-out efforts to boost foreign investment, reshoring firms  • Solid monetary frameworks helped emerging markets navigate recent crises: Gita Gopinath  • India, as fastest growing economy, is ideal investment destination: RBI Governor 
Last updated: 27 Sep, 2014  

World.Bank.9.Thmb.jpg World Bank approves USD 292 mn for Bangladesh

bangladesh-map.jpg
   Top Stories
» India’s engineering goods exports touch all-time high of $116.7 billion in 2024-25
» India, as fastest growing economy, is ideal investment destination: RBI Governor
» India’s forex reserves on way to reclaim all-time high of $704.8 billion
» Centre notifies new rules for GST Appellate Tribunal
» India’s steel industry poised for global growth, focus on FTAs and self-reliance: Piyush Goyal
IANS | 06 May, 2010
The World Bank has approved an additional USD 292 million for two ongoing projects in Bangladesh to improve infrastructure and education in the country, the bank said on Wednesday.

Of the total amount, USD 257 million will be given for infrastructure development under the Investment Promotion and Financing Facility (IPFF) Project and USD 35 million for bringing disadvantaged and poor children back to school under Reaching-Out-Of Children Project (ROSC), said a press release issued by the Bank's Dhaka office.

It said the additional financing to the ongoing IPFF project, amounting to about five times the original project that has been operating since 2006, will expand on the project's successful experience in the power sector.

The bank extended more support to ROSC project, which helped to enroll over 500,000 out-of-school children, with high incidence of poverty, since 2004 through more than 15,000 learning centres in 60 sub-districts of the country, Xinhua reported.

The additional fund will help students in these 60 sub-districts to complete the primary cycle, the bank said adding that it will also scale-up the ROSC project in about 30 more sub-districts, enrolling an additional 250,000 out-of-school children.

The credits from the International Development Association, WB' s concessionary arm, have 40 years to maturity with a 10-year grace period and they carry a service charge of 0.75 percent.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter