World Bank Approves $1.16 Billion for Development Projects in Bangladesh

The World Bank has approved $1.16 billion in funding for three major projects aimed at enhancing health services, improving water and sanitation systems, and promoting climate-resilient and sustainable development in Bangladesh.
The largest portion, a $500 million credit, will support Bangladesh’s transition to green and climate-resilient growth. This includes reforms for better public planning, air pollution control, sustainable procurement practices, access to carbon markets, and the energy efficiency of buildings and appliances. It also backs the implementation of the Bangladesh Delta Plan 2100 through the Delta Appraisal Framework.
A $379 million allocation for the Health, Nutrition, and Population Sector Development Program will focus on Sylhet and Chittagong divisions. This initiative aims to deliver quality healthcare and nutrition services to 5.1 million people, reduce maternal and neonatal mortality, and strengthen health systems. The program is complemented by a $25 million grant from the Global Financing Facility to address child nutrition, adolescent health, and maternal care.
The $280 million Chittagong Water Supply Improvement Project will provide safe water to over one million people through new and rehabilitated water connections and improved sanitation services for 100,000 individuals in low-income areas. The project also targets reducing water loss and enhancing operational efficiency for the Chittagong Water Supply and Sewerage Authority (CWASA).
Abdoulaye Seck, World Bank Country Director for Bangladesh and Bhutan, emphasized the importance of tackling climate resilience and pollution. “This financing will deliver essential services while setting the foundation for clean and sustainable development,” he said.
The projects collectively align with Bangladesh’s goals of addressing climate change challenges and improving public services for its people.