CURRENT AFFAIRS

Detailed explanation-1: -World Bank approves 500 million USD credit to help Bangladesh improve disaster preparedness. The World Bank on Saturday approved a 500 million USD credit to help Bangladesh improve disaster preparedness against inland flooding in 14 flood-prone districts benefiting over 1.25 million people.

Detailed explanation-2: -$250 million World Bank Financing to Help Bangladesh Improve Environment Management. WASHINGTON, December 1, 2022 -The World Bank today approved $250 million financing to help Bangladesh strengthen environment management and promote private sector participation in green investment.

Detailed explanation-3: -The World Bank has been contributing to protecting the environment in Bangladesh since 1980. The Bank is supporting the Government of Bangladesh to implement its green growth strategy through afforestation, regeneration, and deforestation prevention.

Detailed explanation-4: -The World Bank Group works with the government of India on implementation of its National Disaster Management Plan, with assessing risks and incorporating disaster risk information into development planning as the main focus.

Detailed explanation-5: -The geographical location, land characteristics, multiplicity of rivers and the monsoon climate render Bangladesh highly vulnerable to natural hazards. The coastal morphology of Bangladesh influences the impact of natural hazards on the area.