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World Bank Helps Bangladesh Safeguard Low-Income Urban Youths and Returnee Migrants from the Fallout of COVID 19 Pandemic - Bangladesh

World Bank Helps Bangladesh Safeguard Low-Income Urban Youths and Returnee Migrants from the Fallout of COVID 19 Pandemic Format WASHINGTON, March 17, 2021 The World Bank has approved $200 million to help Bangladesh provide support and services to the low-income urban youths impacted by the COVID 19 pandemic and the involuntary returnee migrants to improve earning opportunities and resiliency. The Recovery and Advancement of Informal Sector Employment (RAISE) project will help about 175,000 poor urban youth and low-income microentrepreneurs enhance employability and productivity by helping them access services such as life-skills training, apprenticeship programs, counseling, microfinance, and self-employment support. To help about 200,000 eligible migrants who had been forced to return since January 2020 either sustainably reintegrate into the domestic labor market or prepare for re-migration, the project will provide cash grants, counseling, and referrals to relevant services

WB approves $200m for BD to help urban youth, migrant workers

news WB approves $200m for BD to help urban youth, migrant workers The New Nation Business Desk : The World Bank today approved $200 million to help Bangladesh provide support and services to the low-income urban youths impacted by the COVID 19 pandemic and the involuntary returnee migrants to improve earning opportunities and resiliency. The Recovery and Advancement of Informal Sector Employment (RAISE) project will help about 175,000 poor urban youth and low-income micro entrepreneurs enhance employability and productivity by helping them access services such as life-skills training, apprenticeship programs, counseling, microfinance, and self-employment support, said a World Bank press release. The credit is from the World Bank s International Development Association (IDA), which provides concessional financing, has a 30-year term, including a five-year grace period.

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