WB to provide soft loan of $200 million for housing, health sectors
The multi-donor development partner will sign two separate financing agreements with the government tomorrow (Thursday) to provide the funds, which will support various projects in the health and housing sectors.
Under an agreement, the WB will provide $50 million to support the “Low Income Community Housing Support Project”. The objective of the project is to improve shelter and living conditions in selected low income and informal settlements in designated municipalities.
Under the project, which will be completed in December 2021, low-income people would be provided with affordable housing, and would be given capacity building training on maintaining a decent living.
Under the second agreement, the WB would provide additional funding of $150 million to help strengthen the country’s health system and improve health services, particularly for the poor.
The additional financing to the Health Sector Development Programme of the government will continue to support implementation of the Health Sector-wide Programme.
The support will help the government address health sector challenges including sustaining and improving immunization coverage, improving deliveries for pregnant women at public health facilities, and tackling multi-drug resistant tuberculosis.
The financing will also help improve public financial management to get more value from its public spending on health. Further, the financing will support developing a robust health information system, including a web-based complaint-handling mechanism – the first in Bangladesh.