See More on Facebook

News

World Bank agrees to grant for Rohingyas

World Bank will give Bangladesh a grant to meet the basic needs of around one million Rohingya refugees.


Written by

Updated: May 14, 2018

The World Bank has finally agreed to provide Bangladesh a grant to meet the basic needs of around one million Rohingyas who fled their homeland Myanmar, a high government official said.

In October last year, when Bangladesh sought assistance, the WB had said it would provide a mix of soft loans and grant, but Bangladesh refused to take loans.

“The World Bank has agreed to provide Bangladesh the full fund as grant money at its spring meeting held in April in the US,” said Mahmuda Begum, additional secretary of the Economic Relations Division of the government.

As part of the development, a WB team is now visiting Bangladesh to discuss the issue with the government, she said.

The WB’s Dhaka office told The Daily Star that they agreed to extend the grant as the case was “exceptional”.

“We have agreed to allocate additional resources available on grant terms, on an exceptional basis, given the scale and impact of the influx.”

However, neither the government nor the WB could confirm the amount.

Earlier, Bangladesh sought the fund from the WB in October last year when Finance Minister AMA Muhith said the amount would be $400 to $500 million and it would be a grant. But the WB was saying such a big amount could not be given as a grant.

After a visit of a WB team in late October, the global lender informed Bangladesh that it might get a maximum of $400 million from the WB refugee window, one-sixth of which will be from regular soft loan allocation and the remaining five-sixth will come from the refugee window. Fifty percent of the amount will be grant and 50 percent loan.

“The visiting World Bank team is now working out to identify the scope and modality of a project to be carried out jointly with the government to explore areas where the money will be spent,” Paralkar added.

According to Mahmuda, as per the WB’s conditions, the entire fund will have to be spent for Rohingyas only.

The WB has experience in dealing with this type of refugee crisis in Venezuela, Turkey and some other African countries.



Enjoyed this story? Share it.


Daily Star
About the Author: The Daily Star is a leading English-language daily newspaper in Bangladesh.

Eastern Briefings

All you need to know about Asia


Our Eastern Briefings Newsletter presents curated stories from 22 Asian newspapers from South, Southeast and Northeast Asia.

Sign up and stay updated with the latest news.



By providing us with your email address, you agree to our Privacy Policy and Terms of Service.

View Today's Newsletter Here

News

HK bans political group, citing its separatist views

The Hong Kong Special Administrative Region government said on Monday it has banned a separatist group that advocates independence. Secretary for Security John Lee Ka-chiu, who made the decision, said the ban on the “Hong Kong National Party” was in accordance with the Societies Ordinance. The ban on the HKNP, effective immediately, was made in the interests of national security, public safety, public order and the protection of the rights and freedoms of others, Lee said. What the HKNP aims to do contravenes the Basic Law and undermines national security, the security chief said. The secretary for security is vested with the power to issue an order to prohibit the operation or continued operation of a society if it violates stipulations in the Societies Ordinance. To achieve its goal of splitting Hong Kong from the country, the HKNP has repeatedly called for the “use of


By Cod Satrusayang
September 26, 2018

News

Climate Change: Four years is all we have

Grim reports on climate change say act now or be ready for catastrophe. Humanity has only about four years left to stabilise global temperatures and save the world from environmental catastrophe stemming from extreme climate change, scientists have warned. After negotiations at this month’s Bangkok Climate Change Conference ended in failure, the world’s leading scientific agencies, the United Nations and environmentalists are urging governments to show greater determination. They want to see more ambitious action to rapidly de-carbonise the global economy and stabilise the temperature at the safest possible level of 1.5 degrees Celsius. They also identified Southeast Asia as a strategic area in the mission to reverse climate change, calling the region not only a major front in the battle against the spreading use of fossil fuels but also one of the locales most vulnerable to the detrimental impacts.An anal


By The Nation (Thailand)
September 17, 2018

News

Trade spat perils put spotlight on need for effective strategies

Chinese experts discuss global trade tensions and policy options to ensure smooth growth of economy. Short-term challenges from the escalating trade spat with the United States have reassured Chinese officials and experts of the need to support market-oriented reform and opening-up, with a particular focus on reducing debt and limiting government intervention. That was the consensus reached by participants at a high-level forum on Sunday, during which policymakers and advisers from home and abroad gathered in Beijing. They discussed global trade tensions and policy options that would ensure smooth growth of the Chinese economy. Reforms should strengthen the market’s decisive role in resource allocation, optimize State-owned enterprises and reduce or eliminate direct subsidies for some industries, said Yang Wei­min, former deputy director of the Office of the Central Leading Group on Financ


By China Daily
September 17, 2018

News

Typhoon Mangkhut leaves behind trail of death and destruction

After killing 64 in the Philippines and pummelling Hong Kong and Macau, the mightiest storm of the year is wreaking havoc in China. Massive landslides killed 64 people while 45 others were missing in this city and in the provinces of Benguet, Mountain Province, Kalinga and Nueva Vizcaya, as Typhoon “Ompong” (international name: Mangkhut) unleashed its fury on Friday night and early Saturday, the Philippine National Police said on Sunday. The PNP said 33 people were injured in the massive storm. The hardest hit province was Benguet, where most of those who died perished in landslides, the PNP said. Power and communication lines were toppled, but some were restored late Sunday in parts of the mountain city and in provinces that were in the path of Ompong as it exited the country on Saturday night. As of 3 p.m. on Sunday, the typhoon was spotted 935 kilometers west-northwest of northern L


By Philippine Daily Inquirer
September 17, 2018

News

I am not impatient to become Prime Minister, says Anwar Ibrahim

Parti Keadilan Rakyat president says relationship with Prime Minister Dr Mahathir Mohammad amicable. Anwar Ibrahim said he has no ulterior motive nor is impatient to be Malaysia’s next Prime Minister. in contesting the Port Dickson seat, but instead wants to help reform Parliament. The Parti Keadilan Rakyat (PKR) president said: “My relationship with Prime Minister Tun Dr Mahathir Mohammad is amicable and I don’t harbour any adverse notion when I decided to contest in a by-election.” Mr Anwar said he had already expressed his intention to contest two weeks ago. “My aim is to make an inroad into Parliament and help my junior peers in drafting policies and legal frameworks for the benefit of the people,” he said when addressing his party members at the Melaka International Trade Centre at Ayer Keroh on Thursday (Sept 13) night. Mr Anwar said he does not m


By The Straits Times
September 14, 2018

News

Beijing, Moscow vow to reinforce military relations

The two nations will continue their military cooperation and explore new possible ways to boost their combat abilities. China and Russia vowed to further deepen military ties and improve their troops’ combat abilities to respond to various security threats, as they formally concluded the “Vostok-2018” strategic drills with a military parade on Thursday. Russian President Vladimir Putin and Chinese State Councilor and Minister of National Defense Wei Fenghe inspected the troops at the Tsugol training range in Russia’s Trans-Baikal region, where the exercise was held. Wei said the drills reflect China and Russia’s confidence and determination to jointly safeguard regional peace and security, and the exercise enhances the two militaries’ ability to respond to multiple security threats. The two sides should further strengthen their strategic cooperation and continu


By China Daily
September 14, 2018