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Wednesday, January 30, 2008
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Anonymous philanthropist to donate $130m for Sidr victims

A philanthropist will donate $130 million for rebuilding the battered life of Sidr victims in the coastal areas of Bangladesh.

A four-member Islamic Development Bank (IDB) team, led by head of special assistant office of the bank Mohammad Hassan Salem, held discussion in this regard with Finance Adviser Mirza Azizul Islam at the planning ministry yesterday.

"The donation is dedicated to the cyclone victims in the worst-affected areas in coastal Bangladesh," Salem told reporters after the meeting.

He said the funds will be used mostly for rehabilitation and reconstruction of primary schools in the affected areas and a soft element will be used for agriculture and fisheries rehabilitation.

Asked about the philanthropist, he said the donor wished to be anonymous.

Replying to another question, he said IDB will also support rehabilitation and reconstruction projects after final assessment of the damages done by the devastating cyclone.

Aziz told reporters that $ 110 million will be used for rehabilitation and reconstruction of schools and shelters while the rest for agriculture and fisheries.

An ERD official told the news agency that an agreement between the government and the donor agency (IDB) to this effect would be signed on February 4.

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