Govt slashes ISPP-JAWTNO Task cost by Tk 461cr after WB withdraws fund
The federal government on Tuesday decrease the cost of a project by Tk 460.87 crore following the World Bank withdrew $50 million fund citing failure in preserving loan conditions.
The project titled the "Income Assist Program for the Poorest (ISPP)-JAWTNO" was taken in 2015 with an try to transfer cash benefit to the women that are pregnant and moms with children below 5 years from the selected poorest households.
Mainly funded by the WB, the Local Government Division was likely to collect family members data from the National Household Database less than Bangladesh Bureau of Statistics by simply this year for implementing the project.
But failure by the BBS to complete the data source forced the WB to withdraw the fund obliging the Executive Committee of the National Economic Council (ECNEC) to revise the job cost down from Tk 2,425.00 crore to Tk 1,962.74 crore at a gathering Tuesday.
With the most recent revision, the price of the ISPP Task (3rd revised) has drop to Tk 1980.59 crore as the total expenditure reduced by Tk 460.87 crore.
The virtual meeting of the ECNEC, which was chaired by Prime Minister Sheikh Hasina from her official residence Ganobhabon in Dhaka, also increased the deadline of the project for just two years up to June 2022,
Organizing Minister MA Mannan, who attended the getting together with, told reporters in an on line briefing that the WB withdrew the fund and diverted it designed for Rohingya rehabilitation in Cox's Bazar.
