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World Bank offers loan to Bangladesh

Published on September 28, 2020
Current Context: World Bank has approved loan to Bangladesh to improve access to clean and safe water services and to develop sanitation services in rural parts of the country.
World Bank offers loan to Bangladesh
  • For this purpose, the World Bank has approved a loan amount of 200 million dollars to Bangladesh.
  • The loan amount will be utilised for Bangladesh Rural Water, Sanitation and Hygiene project. 
  • The Bangladesh Rural Water, Sanitation and Hygiene project will be beneficial to about 6 lakh people of Bangladesh as they will get access to clean water through piped water schemes. 
  • The sanitation facilities built under Bangladesh Rural Water, Sanitation and Hygiene project, will be beneficial to over 3.6 million rural people of the country. 
  • Thus because of access to water facilities, there will be prevention in spreading diseases like diarrhoea, will also reduce stunting problems in children under the age of 5 years.
  • Bangladesh has also decided to use this loan amount to build 2500 handwashing stations in public places with water facilities in order to stop the spread of pandemics.
  • Static Part: 
    • Capital of Bangladesh: Dhaka
    • Currency of Bangladesh: Taka
    • HQ of World Bank: Washington DC, United States
    • President of World Bank: David Malpass

Question: 

Q.1 Which organisation approved loan to develop access to clean and safe water services and to develop sanitation services in rural parts of Bangladesh?
a. Asian Infrastructure Investment Bank
b. New Development Bank
c. World Bank
d. Asian Development Bank
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