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World Bank keen on investing in rural development: LGRD Minister

The World Bank has expressed interest in providing USD 5-8 billion dollars in the development of rural infrastructure in Bangladesh, said Local Government and Rural Development Minister Md Tajul Islam on Tuesday.

He was talking to reporters emerging from a meeting with a World Bank delegation at the Secretariat on Tuesday.

Tajul said that Bangladesh needs foreign funding in implementation of “My Village, My City” project and building of roads, bridges and culverts.

‘My Village My City’ is a coordinated project that seeks to develop urban facilities for the rural people. Roads, bridges, culverts, sanitation system and supply of safe water are major components of the project, he said.

The bank is interested in financing in rural development programmes, the minister said.

He said the delegation also showed interest in providing financial assistance for building rehabilitation centres in cyclone-prone coastal areas.

Source: United News of Bangladesh