IDA countries entered the COVID-19 crisis already hobbled with high debt levels. With their financing needs projected to be larger than average by the end of 2021, these countries face some excruciating choices.
Daily Monitor
Wednesday February 03 2021
Summary
Public debt is projected to increase to 49.9 per cent of gross domestic product by end of June 2021, before peaking to 54.1 per cent in the 2022/23 financial year.
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Rising expenditure pressures resulting from the need to finance infrastructure projects and an increase in Covid-19 related borrowing will push Uganda’s public debt to 54.1 per cent by the end of the 2022/23 financial year, according projections by the Ministry of Finance.
Details contained in the Debt Sustainability Analysis report authored by the Ministry of Finance, indicates that public debt is projected to increase to 49.9 per cent of gross domestic product by June 2021, before peaking to 54.1 per cent by the end of 2022/23 financial year.
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Bangladesh Receives $500 Million from World Bank to Improve Road and Digital Connectivity in Western Region
The government of Bangladesh today signed a $500 million financing agreement to help Upgrade the Jashore-Jhenaidah highway and improve the connecting rural roads and markets that will benefit over 20 million people living in the western region.
The Western Economic Corridor and Regional Enhancement (WeCARE) Phase I project will help upgrade the 48 KM two-lane Jashore-Jhenaidah road to a modern 4-lane highway. The project will also help rehabilitate 600 km connecting rural roads, and build new or develop existing rural markets. It will also install 48 km of fiber-optic cables along the highway to ensure fast and reliable internet service.
Bangladesh to receive $500 m from WB to improve road, digital connectivity
Sun Online Desk
1st February, 2021 07:51:37
The government of Bangladesh on Monday signed a $500 million financing agreement with the World Bank to help upgrade the Jashore-Jhenaidah highway and improve the connecting rural roads and markets that will benefit over 20 million people living in the western region.
The Western Economic Corridor and Regional Enhancement (WeCARE) Program Phase I project will help upgrade the 48 km two-lane Jashore-Jhenaidah road to a modern 4-lane highway.
The project will also help rehabilitate about 600 km connecting rural roads and build new or develop existing rural markets. It will also install fiber-optic cables along the highway to ensure fast and reliable internet