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  • Sunday, September, 2020| Today's Market | Current Time: 09:11:45
  • World Bank approves 200 million dollar loan for safe water & sanitation in Bangladesh

    Published on September 26, 2020

    The World Bank (WB) has approved a 200 million dollar loan for Bangladesh to improve access to safe water and sanitation services in the rural areas of the country. The Bangladesh Rural Water, Sanitation and Hygiene project will help 6 lakh people to have access to clean water through piped water schemes in rural areas. 

    According to a Press Release issued by the World Bank on Friday, the project will also provide sanitation services to over 3.6 million rural people in Bangladesh. 

    The WB said that the project will help prevent diseases and protect from pandemics like COVID 19 by providing better access to Water, Sanitation and Hygiene (WASH) facilities at homes and in public places. 

    World Bank Country Director for Bangladesh and Bhutan Mercy Tembon said that the project will provide clean water and sanitation services that will reduce diarrheal diseases, improve nutrition, health and reduce stunting among children under five. 

    The project will also help in setting up more than 2500 handwashing stations in public places with overhead tanks for running water and sanitation facilities. To ensure quality and sustainability of piped water scheme and fecal sludge management, the project will also train local entrepreneurs.

    The 30 year concessional credit has a five year grace period. It comes from the World Bank’s International Development Association (IDA). Bangladesh currently has the largest ongoing IDA program totaling over USD 13.5 billion.