bangladesh receives 300 mln world bank financing to empower local governments
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Bangladesh receives $300 mln World Bank financing to empower local governments

Arab Today, arab today

Arab Today, arab today Bangladesh receives $300 mln World Bank financing to empower local governments

World Bank financing
Dhaka - Xinhua

The Bangladeshi government has signed a USD 300 million financing agreement with the World Bank to strengthen local governments.

The money will go to all 4,550 Union Parishads, the lowest tier of local government, helping with the annual financial audits of all Union Parishads.

Built on the success of two predecessor projects, the Local Governance Support Project 3 (LGSP3) will benefit over 115 million people across the country, said the Washington-based lender in a statement received here Monday.

The project will also pilot a fiscal transfer system for 16 Pourashavas (municipalities) in all eight Divisions, it said adding the eligible municipalities will receive expanded block grants to give them access to greater resources to respond to local service delivery priorities.

"Over the past decade, the World Bank has been supporting the government's vision of a stronger and more accountable local governance system. Started in 2006, the LGSP was the first nationwide program to provide block grants to Union Parishads to spend at their own discretion," said Qimiao Fan, World Bank country director for Bangladesh, Bhutan, and Nepal.

"With consecutive projects, fiscal transfers to Union Parishads for discretionary spending has increased 11-fold to Taka 2.23 million per Union Parishad in FY2016 from Taka 0.2 million in FY2007. LGSP3 will continue the momentum, and the enhanced discretionary resources will enable local governments respond to local needs more effectively."

Since 2006, the World Bank has been financing the Union Parishad block grants. From the fourth year of the LGSP3 project, the government will fully finance the Union Parishad block grants out of national budgetary allocations with all the principal features. LGSP3 will fully functionalize the web-based monitoring of Union Parishads functions developed under the predecessor project.

"Bangladesh has made significant progress in moving forward the decentralization agenda as stated in the Seventh Five Year Plan," said Kazi Azam, Secretary-In-Charge, Economic Relations Division, government of Bangladesh.

"The government's continued commitment is evident as we proceed to institutionalize a transparent and predictable fiscal transfer system for the Union Parishads which will benefit over 70 percent of the country's population living in the Union Parishads."

source: Xinhua

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bangladesh receives 300 mln world bank financing to empower local governments bangladesh receives 300 mln world bank financing to empower local governments

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bangladesh receives 300 mln world bank financing to empower local governments bangladesh receives 300 mln world bank financing to empower local governments

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms

GMT 19:56 2017 Thursday ,09 March

Qatar Pavilion Opens at ITB Berlin

GMT 23:34 2013 Thursday ,07 February

New BMW 3 Series Gran Turismo

GMT 12:57 2017 Friday ,13 October

JPMorgan open to digital money if regulated

GMT 04:38 2017 Friday ,10 March

ADNOC opens fifth ADNOC Xpress

GMT 10:30 2017 Friday ,10 November

BDF military contingent honoured

GMT 17:37 2017 Tuesday ,24 January

China jails former Sinopec president for graft

GMT 19:34 2017 Sunday ,14 May

Austria centre-right calls for snap elections

GMT 14:54 2014 Saturday ,29 November

Wall cladding, wallpaper, fabric and wood!
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday