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LOANS & CREDITS October 5, 2018

Bangladesh: Sustainable Forests & Livelihoods Project

WASHINGTON, October 5, 2018 - The World Bank’s Board of Executive Directors today approved financing for the following project:

Sustainable Forests & Livelihoods (SUFAL) Project

IDA Credit: US $175 million

Terms: Maturity = 30 years, Grace period = 5 years

Project ID: P161996

Project Description:  The Sustainable Forests & Livelihoods Project (SUFAL) aims to improve forest management and increase benefits for forest dependent communities in targeted sites by financing nearly 79,000 hectares of forests on public and private lands, including about 22,000 hectares of coastal green belt across 147 Upazilas (sub-districts). The project will directly benefit about 40,000 forest dependent households – with special emphasis on women and adolescent girls – by increasing their participation in forest management and access to diversified income generation options. In addition, about 180,000 people will benefit through involvement in collaborative forest management activities. The Bangladesh Forest Department will also receive support through training and skills development opportunities.

 


Contacts

Washington
Elena Karaban
(202) 473-9277
ekaraban@worldbank.org
Dhaka
Mehrin Ahmed Mahbub
(880-2) 55667777
mmahbub@worldbank.org
Api
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