Menu
Search

Bangladesh, World Bank sign deal for cash transfer

Monday, October 29, 2018
33
Separator
52
Separator
60
Separator
15
Separator
Print Print Email Email

The Bangladesh government and the World Bank on Sunday signed an agreement to improve the transparency and efficiency of its major cash transfer programmes.

Mahmuda Begum, an Additional Secretary of Bangladesh's Economic Relations Division, and Qimiao Fan, World Bank country Director for Bangladesh, Bhutan and Nepal, signed the agreement worth $300 million here, reports Xinhua news agency.

In a statement, the Washington-based lender said the "Cash Transfer Modernization Project will help the Department of Social Services (DSS) modernise the country's four major social protection programmes using cash transfers by improving beneficiary targeting, programme administration and benefit payments".

In fiscal 2018, Bangladesh spent $5.8 billion on social protection or about 2 per cent of its GDP and improving the efficiency of these programmes will help the country to use public resources more effectively. 

The Bangladesh government and the World Bank on Sunday signed an agreement to improve the transparency and efficiency of its major cash transfer programmes.

Mahmuda Begum, an Additional Secretary of Bangladesh's Economic Relations Division, and Qimiao Fan, World Bank country Director for Bangladesh, Bhutan and Nepal, signed the agreement worth $300 million here, reports Xinhua news agency.

In a statement, the Washington-based lender said the "Cash Transfer Modernization Project will help the Department of Social Services (DSS) modernise the country's four major social protection programmes using cash transfers by improving beneficiary targeting, programme administration and benefit payments".

In fiscal 2018, Bangladesh spent $5.8 billion on social protection or about 2 per cent of its GDP and improving the efficiency of these programmes will help the country to use public resources more effectively. 

Read more news:

The Cannes International Emigration and Luxury Property Expo 2018

LSAT-- India 2019 registration opens 22 October, 2018


Source: IANS
Write your comment now
Submit Reset
Looking For Loan? Let us Help you !!!
Product
Name
City
Phone
Email
Loan Amount
Annual Income
Preferred banks
Captcha
Type the characters you see in the picture
  Submit