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Bangladesh gets about 40 mln USD credit from World Bank
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08:01, July 27, 2007

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Bangladesh government signed two agreements on Thursday with the International Development Association (IDA), World Bank's concessionary arm, to receive 39.6 million U.S. dollars in all, private news agency UNB reported.

The World Bank will provide 23.6 million U.S. dollars credit to improve problematic public procurement system of the country, while the other 16 million U.S. dollars will support the country's efforts to minimize the threat and risk of Highly Pathogenic Avian Influenza (HPAI).

Aminul Islam Bhuiyan, secretary of Economic Relations Division under the finance ministry, and Xian Zhu, the World Bank Country Director, signed the agreements.

The 23.6 million U.S. dollars credit is for the country's Public Procurement Reform Project II, which will support procurement reforms by improving procurement quality through better management and monitoring.

"This project builds on the first Public Procurement Reform Project, approved by the World Bank in 2002, and has successfully addressed key deficiencies in the legal and policy framework," said the agreements.

The other 16 million U.S. dollars credit is for the Avian Influenza Preparedness and Response Project which is designed to control infections in domestic poultry, and prepare for controlling and responding to possible human infections, especially any influenza epidemic and related emergencies.

It will also strengthen disease surveillance, diagnostic capacity and laboratory facilities. In addition, it will also support applied veterinary research, improve bio-security in poultry production and trade, and support surveillance of migratory birds.

This project supports the government's National Avian Influenza and Pandemic Influenza Preparedness and Response Plan, which provides a strategic national framework to control and contain any HPAI outbreak.

The credit from the IDA is interest-free and has 40 years to maturity with a 10-year grace period.

Source: Xinhua

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