DHAKA, Oct 28 (NNN-BSS) – Bangladesh signed an agreement with the World Bank’s International Development Association (IDA), to receive 200 million U.S. dollars, to create jobs for the country’s COVID-stricken low-income people.
Fatima Yasmin, secretary of Bangladesh’s Economic Relations Division, and Mercy Miyang Tembon, country director of World Bank, signed the loan agreement on behalf of their respective sides here yesterday.
The project titled, “Recovery and Advancement of Informal Sector Employment (RAISE)” aims at increasing economic opportunities for the low-income people in urban areas, and migrant workers returning from abroad due to the COVID-19 pandemic.
The project will be implemented by Palli Karma-Sahayak Foundation, a financial institution, founded by the government of Bangladesh, to finance rural development.– NNN-BSS
