World bank to provide USD 250 mn for jobs, read more

The government of Bangladesh signed an agreement for USD 250 million financing from the World Bank to help create more and better jobs, recover faster from the COVID-19 pandemic and build resilience to future crises. 

This was the third and the last in the series of credits totalling USD 750 million under the Programmatic Jobs Development policy focussing on creation of inclusive and quality jobs while supporting the government in responding to the COVID-19 crisis.

It supports policies to modernize the trade and investment regime; improve social protection for workers; and help youth, women, and vulnerable people access quality jobs, said the press release issued by the World Bank on Thursday. 

World Bank Country Director for Bangladesh and Bhutan Mercy Tembon said that this financing supports government policies to protect those most affected by the pandemic. He said it will  create more and better jobs as Bangladesh continues its journey towards its vision of becoming an upper-middle income country.