WB supports Bangladesh’s climate resilience with $900m

Bangladesh signed two financing agreements with the World Bank (WB) totalling $900 million to enhance environmental sustainability, inclusive growth, and climate resilience, the bank announced on Tuesday.

The $500 million Second Bangladesh Green and Climate Resilient Development Credit will support policy reforms for green growth, sustainable water services, and climate-resilient infrastructure.

The $400 million Resilient Urban and Territorial Development Project will focus on improving urban infrastructure and management across seven city clusters, benefiting 17 million people.

These investments align with Bangladesh’s efforts to build climate resilience and sustainable development with support from the World Bank, which has committed over $45 billion to the country’s growth since its independence.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama