|Published : 01 Dec 2016, 19:18:42|
BD, UNDP inks $31m deal for development of CHT
Bangladesh and United Nations Development Programme (UNDP) signed an agreement for a new project, focusing on sustainable and inclusive development of the Chittagong Hill Tracts (CHT).
The agreement was inked on Thursday, the eve of the 19th anniversary of the Chittagong Hill Tracts Peace Accord, signed in 1997.
"Bangladesh reaffirmed its commitment to fully implement the Chittagong Hill Tracts Peace Accord", reports BSS citing the UNDP said in a release on Thursday.
The planned amount for the new project is $31.60 million of which about $14.6 million will be provided by Denmark, South Asian Association for Regional Cooperation SAARC Development Fund, USAID and UNDP.
Other development partners of Bangladesh will provide $12 million. The government will arrange the rest $5 million.
The project titled ‘Strengthening Inclusive Development in the Chittagong Hill Tracts’ will be implemented over the next five years.
This is a continuation of another project "Promotion of Development and Confidence Building in the CHT" that has been implemented with significant results since 2003 in the three hill districts Rangamati, Khagrachari and Bandarban.
"This new phase of development in the CHT addresses new and also the remaining development challenges in CHT. Its main focus will be inclusiveness of all communities in the area, and it will have a stronger impact on ecosystems, social development, and development of institutions," UNDP Bangladesh Country Director, said Sudipto Mukerjee.
As per agreement, the Ministry of Chittagong Hill Tracts Affairs (MoCHTA) will be the executing agency of the project.
"With this project we will address development and confidence building goals from the Peace Accord which is still to be fully achieved," said Md. Abdul Matin, deputy chief, MoCHTA.