WB to forge new partnership with Bangladesh
The World Bank is going to forge a new country partnership framework (CPF) with Bangladesh for the period of FY16-FY20 as part of its new country engagement process to address the country's development needs and support efforts to end its extreme poverty.To replace the current Country Assistance Strategy expiring in June next, the World Bank Group as of July 2014 has adopted a new approach to country engagement.
Talking to the news agency, an Economic Relations Division official said the new approach consisted of a two-step process.
The first step will involve the preparation of a systematic country diagnostic (SCD), which will identify the most important challenges and opportunities at the country level.
The official said the second step entailed developing a country partnership framework (CPF), which was underpinned by the SCD and identified the key objectives and development results.
The CPF is the central tool guiding the WBG's support for the country's development programme.
WB Acting Country Head Christine Kimes said the bank was now working on finalising the SCD.
She said the WB team in its ongoing SCD had identified some key areas like urbanisation, access to electricity, inland connectivity, regional integration and skill and human development.ERD Additional Secretary Kazi Shofiqul Azam said the WB had already sat with the government in this regard and would sit again before finalisation of the CPF.
As part of the first phase of preparation of the systematic country diagnostic and country partnership framework (FY16 - FY20) for Bangladesh, the WB had undertaken a series of consultations with a broad range of stakeholders to seek their input and feedback into the development the framework for the World Bank's engagement in Bangladesh to support the Government's vision of development.
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