<span style="background-color: transparent; color: #000000;">The&nbsp; World Bank will provide USD 300 million to Bangladesh to help about 75,000&nbsp; poor and extremely poor rural people across 20 districts come out of poverty and build resilience to the COVID 19 pandemic.<br />''<br />''The World Bank financing under the Resilience, Entrepreneurship and Livelihood Improvement (RELI) Project will help boost the rural economy in about 3,200 villages.<br />'' <br />''The project will mobilize, develop, and strengthen community organizations, and finance their community plans, provide cash transfers and loans for income-generating activities.<br />''<br />''World Bank Country Director for Bangladesh and Bhutan Mercy Tembon said that 90 percent of the beneficiaries will be women.<br />''The project will also help with health and nutritional awareness.<br />''<br />''The project will support rural entrepreneurs and producer groups with market linkages&nbsp; including e-commerce platforms, partnerships with local governments, and promotional activities.<br />'' <br />''It will also provide skills development training to the unemployed or under-employed youth and returnee migrants to increase their employability.&nbsp;<br />''<br />''Close to 490,000 people&nbsp; will receive training through the project on climate risk, adaptation, and resilience building. It will also build 5,120 climate-resilient small-scale infrastructures.</span><br />
News On AIR | June 29, 2021 9:13 PM
World Bank provides USD 300 mn to Bangladesh to boost rural economy