AfDB $ 250 million loan to support Bangladesh’s social resilience program


The Asian Development Bank (AfDB) on Friday approved a $ 250 million loan to the government of Bangladesh to help finance reforms aimed at improving the inclusion and responsiveness of the country’s social development and resilience agenda.

The social resilience building program will include institutional and policy reforms to address cross-sectoral social development issues in Bangladesh, the Manila-based lender said in a statement received Friday.

“Strengthening support for social protection is essential to mitigate the effects of the pandemic,” said Hiroko Uchimura-Shiroishi, AfDB Senior Social Sector Specialist for South Asia.

He said: “The AfDB supports the government’s intention to leverage the Covid-19 pandemic as an opportunity to strengthen its social protection programs as a critical means of building the resilience of the poor and supporting an inclusive recovery . “

According to the statement, Bangladesh has made remarkable progress in reducing poverty over the past two decades. The incidence of poverty fell from 48.9% in 2000 to 20.5% in 2019, he added.


int / rs

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these difficult times resulting from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative views and cutting-edge commentary on relevant current issues.
However, we have a demand.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of providing you with even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital editor

Source link

Leave A Reply

Your email address will not be published.