PMFORUM Breaking News
Breaking News in the Project Management World
Tuesday, February 12, 2008
Bangladesh's Donors Propose $4 Billion Post-Cyclone Plan
A group of donors has proposed a $4 billion recovery program for Bangladesh three months after the ... deadly cyclone, officials said on Friday, February 1, 2008. Officials said the 11 donors, including the UN and USAID, handed a report to Bangladesh's interim ...government on Thursday suggesting the proposed rehabilitation be implemented in three phases.
The report - received by the government's External Resources Division - put the cost of damage to houses by cyclone Sidr at $800 million, agricultural losses at $440 million and damage to the transport sector at $140 million. It proposed $1.51 billion in 2008-2012, $1.39 billion in 2013-2017 and $1.09 billion in 2018-2022 for risk identification, disaster preparedness and mitigation programs. ..." [Reuters/Factiva]
Xinhua notes that "...The 70-member mission led by the World Bank ... started the assessment on January 11 following the government's appeal for assistance for rehabilitation in the Sidr- affected South-West region of the country. The mission visited the affected areas, talked to people on the damage caused by the ... cyclone, discussed with officials of different ministries and prepared a 400-page draft assessment report which was presented to the government Thursday. ..." [Xinhua/Factiva]
Meanwhile AP reported that "The Asian Development Bank (ADB) and other aid agencies will give Bangladesh $190 million in loans and grants to assist in recovery from a devastating cyclone last year, the Manila-based bank said Friday. A loan of $120 million will be provided by the ADB, along with $60 million from the Japan Bank for International Cooperation. ..." [The Associated Press/Factiva]
Source: World Bank Press Review, February 1, 2008
Editor’s note: Since we know of no project management professional organizations operating in Bangladesh, we must assume that the donors and the Government of Bangladesh will rely on industry and global financial institutions to ensure that good PM practices are used on these projects. All the same, this represents billions of dollars of global investment in programs and projects that may well be invisible to the global PM community and another geographic area that needs more PM.
Xinhua notes that "...The 70-member mission led by the World Bank ... started the assessment on January 11 following the government's appeal for assistance for rehabilitation in the Sidr- affected South-West region of the country. The mission visited the affected areas, talked to people on the damage caused by the ... cyclone, discussed with officials of different ministries and prepared a 400-page draft assessment report which was presented to the government Thursday. ..." [Xinhua/Factiva]
Meanwhile AP reported that "The Asian Development Bank (ADB) and other aid agencies will give Bangladesh $190 million in loans and grants to assist in recovery from a devastating cyclone last year, the Manila-based bank said Friday. A loan of $120 million will be provided by the ADB, along with $60 million from the Japan Bank for International Cooperation. ..." [The Associated Press/Factiva]
Source: World Bank Press Review, February 1, 2008
Editor’s note: Since we know of no project management professional organizations operating in Bangladesh, we must assume that the donors and the Government of Bangladesh will rely on industry and global financial institutions to ensure that good PM practices are used on these projects. All the same, this represents billions of dollars of global investment in programs and projects that may well be invisible to the global PM community and another geographic area that needs more PM.
