Tuesday 29 September 2020 ,
Latest News
Sylhet MC College rape: 2 accused on 5-day remand | Dhaka-18, Siranjganj-1 by-polls on Nov 12 | Bangladeshis capable of overcoming all hurdles: PM | Arms case: Regent chairman Shahed sentenced to life imprisonment |
6 August, 2020 03:12:53 PM

Print

Bangladesh to receive 150mn euro from France

UNB, Dhaka
Bangladesh to receive 150mn euro from France

France will provide a concessional loan of 150 million euro to support Bangladesh with its cash transfer programmes and COVID-19 responsiveness.

The loan, recently approved by the Agence Française de Développement (AFD), will contribute towards the World Bank supported Cash Transfer Modernization Project which seeks to improve the transparency and efficiency of selected cash transfer programmes for vulnerable populations by modernizing service delivery.

It would also support government efforts to address the social and economic consequences of the COVID-19 epidemic, said the Embassy of France in Dhaka on Thursday.

The project will be co-financed by AFD and the World Bank as a lead partner.

It includes three components. These are Enhancement of Cash Transfer Programs, which incentivizes actions towards improving the business processes under selected cash transfer programmes; Modernization of Service Delivery, which provides technical assistance to support the enhancements of technology assets, utilize integrated information systems for targeting and payment, improve citizen engagement, and strengthen the capacity of human resources, and Contingent Emergency Response (CER) to allow project financing to be mobilized rapidly in response to a natural or human-induced shock, disaster or crisis.

The CER component will support the government’s response to the COVID-19 crisis.

The loan will provide co-financing of the Old Age Allowance programme of the Ministry of Social Welfare (MoSW) and Department of Social Services (DSS) until 2023.

It will directly benefit the country’s most vulnerable populations who are beneficiaries of this as well as other Ministry of Social Welfare (MoSW) cash transfer programmes and the non-beneficiaries who may qualify for these programmes.

TH

 

.

Comments

Poll
Today's Question »
State minister for power Nasrul Hamid yesterday said everyone to have access to electricity by June. Do you think the feat achievable by the timeframe?
 Yes
 No
 No Comment
Yes 47.3%
No 48.7%
No Comment 4.1%
Video

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting