Bangladesh signs agreement with World Bank to help people affected by Kovid


Bangladesh signs agreement with World Bank to help people affected by Kovid

IANS | Edited By : IANS | Updated on: 28 Oct 2021, 03:15:01 PM

(source: IANS) (Photo Credit: (source: IANS))

Dhaka: Bangladesh has signed an agreement with the World Bank’s International Development Association (IDA) to collect $200 million to create jobs for the country’s low-income people and those who have returned home due to COVID-19.

According to the report of Xinhua news agency, Bangladesh’s Department of Economic Relations Secretary Fatima Yasmin and World Bank Country Director Mercy Miang Tembon signed the loan agreement on behalf of their respective sides here.

The Recovery and Advancement of Informal Sector Employment (RES) project aims to increase economic opportunities for low-income people in urban areas and migrant workers returning from overseas due to the COVID pandemic.

The project will be implemented by the Palli Karma-Sahayak Foundation, a financial institution set up by the Government of Bangladesh to finance rural development.

Disclaimer: This is a news published directly from IANS News Feed. With this, the News Nation team has not done any editing of any kind. In such a situation, any responsibility regarding the related news will be with the news agency itself.



First Published : 28 Oct 2021, 03:15:01 PM

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