<span id="m_3195790513672950502gmail-m_6899351258406519420m_5112973692113640739gmail-docs-internal-guid-255bac2b-7fff-2665-71ce-c20553a0a114"><span style="background-color: transparent; color: #000000;">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.&nbsp;<br />''<br />''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.&nbsp;<br />''<br />''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&nbsp; create more and better jobs as Bangladesh continues its journey towards its vision of becoming an upper-middle income country.<br />''<br />''Fatima Yasmin, Secretary, Economic Relations Division, Government of Bangladesh said that this program has helped protect the jobs and income of poor and vulnerable people while laying the groundwork for building resiliency to future shocks.</span><br />''</span><br />''<span style="background-color: transparent; color: #000000;">The Jobs Development Policy Credit series has helped the Bangladesh government protect 5 million jobs, and enabled firms to continue paying their workers' wages. It also supported the migrant workers who have had to return to Bangladesh due to the pandemic. The program will also support informal micro-entrepreneurs in recovering by extending micro-finance facilities.&nbsp;</span><br />
News On AIR | April 22, 2021 7:37 PM
World bank to provide USD 250 mn for jobs, COVID-19 pandemic recovery to Bangladesh