The World Bank has pledged to provide One billion US Dollar aid to Bangladesh over the next three years to fight child malnutrition. World Bank President Jim Yong Kim who is on a 2-day visit since yesterday made the announcement during a joint press conference along with Finance Minister AMA Muhith in Dhaka.
Mr. Jim said despite success in reducing maternal and child mortality, and improving child nutrition status, the number of stunted children in Bangladesh is among the highest in the world. He said competing in today’s digital economy requires a workforce with well-developed intelligence, which is why the World Bank wants to increase its investment to end stunting in Bangladesh as soon as possible.
A World Bank Statement released today said the announced investment will support programmes to ensure sufficient child nutrition and include a conditional cash transfer scheme targeted at six lakh poor families in 43 sub-districts. The Bank’s new announced assistance is almost a 100 percent increase in investment compared to previous 3-year period.