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Bangladesh to give $410 million for basic urban services

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Staff writer ▼ | January 20, 2014
The World Bank approved $410 million to improve municipal governance and basic urban services in district towns and municipalities in Bangladesh and benefit 3.4 million people in around 100 urban communities across the country.
Bangladesh
BangladeshThe World Bank approved $410 million to improve municipal governance and basic urban services in district towns and municipalities in Bangladesh and benefit 3.4 million people in around 100 urban communities across the country.


The Municipal Governance and Service Project will provide financial support to 26 urban government bodies with high economic growth and job creation potential, located along growth corridors leading from Dhaka towards Chittagong, Rangpur, Sylhet, Mymensingh. It will also cover three district towns in the south.

Municipalities and towns play key roles in supporting economic growth, jobs creation and poverty reduction and are growing rapidly. However, they face severe challenges such as weak municipal finances and governance systems, insufficient administrative capacity, and inadequate basic urban services that constrain them from developing into competitive, innovative and livable places.

Through a demand-driven approach, the project aims to build roads, water and sanitation systems, markets, bus terminals, and municipal services centers in these communities. It will build a culture of responsible operations and routine maintenance of infrastructure assets. The communities will receive a base allocation. Those that demonstrate improvements in basic urban services and urban governance will also get a performance-based allocation.

The credits from the International Development Association (IDA), the World Bank's arm for the world's poorest countries, have 40 years to maturity with a 10-year grace period and carry a service charge of 0.75%.

The World Bank Board also endorsed the Bangladesh Country Assistance Strategy (CAS) Progress Report for the period for the fiscal years 2011-2015. The CAS Progress Report tracks the performance of the World Bank Group's Country Assistance Strategy for Bangladesh.


 

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