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Pic: Shutterstock The World Bank and the government of Bangladesh have signed a $250 million financing to help the country create more and better jobs, recover faster from the COVID-19 pandemic and build resilience to future crises. With this programme, total World Bank financing under the Programmatic Jobs Development Policy Credit series stands at $750 million.
The Third Programmatic Jobs Development Policy the last in a series of three credits focuses on key reforms to create quality and inclusive jobs, while supporting the government’s response to the COVID-19 crisis. It supports policies to modernise the trade and investment regime; improve social protection for workers; and help youth, women, and vulnerable people access quality jobs, said the World Bank in a press release.
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World Bank Helps Bangladesh Create Better Jobs And Ensure Resilient Recovery from COVID-19 Pandemic
DHAKA, April 22, 2021 -The World Bank and the government of Bangladesh today signed a $250 million financing to help Bangladesh create more and better jobs; recover faster from the COVID 19 pandemic; and build resilience to future crises.
The Third Programmatic Jobs Development Policy-the last in a series of three credits-focuses on key reforms to create quality and inclusive jobs, while supporting the government’s response 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.
World Bank helps Bangladesh create more jobs and faster recovery from COVID 19 devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
World Bank, govt sign $250m deal to help create jobs amid Covid-19 crisis
Representational illustration. Star Digital Report Star Digital Report
The World Bank and the Government of Bangladesh today signed a $250 million financing agreement to help create more and better jobs; recover faster from the Covid-19 pandemic and build resilience to future crisis.
The agreement was signed by Fatima Yasmin, secretary, Economic Relations Division and Mercy Tembon, World Bank s country director for Bangladesh and Bhutan, a World Bank statement said today.
With this program, total World Bank financing under the Programmatic Jobs Development Policy Credit series stands at $750 million. The credit is from the World Bank s International Development Association (IDA), which provides concessional financing and has a 30-year term including a five-year grace period, the statement said.
Supporting Post-Disaster Recovery in Zimbabwe
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Lives lost. Livelihoods destroyed. Infrastructure in ruins.
When Cyclone Idai made landfall, it was one of the deadliest cyclones to ever hit Africa, killing more than 1,000 people across Malawi, Mozambique and Zimbabwe.
In eastern Zimbabwe, flash flooding and landslides damaged and destroyed critical infrastructure, including schools, hospitals, farmlands and homes. It caused more than $600 million in damage. More than 50,000 households were destroyed, directly affecting 270,000 people – including displacing 60,000 people. The cyclone also cut off communities from basic services.
The Zimbabwe Idai Recovery Project (ZIRP) – funded by a $72 million grant from the World Bank’s International Development Association – was launched to help communities recover in the immediate aftermath of the disaster and to build the foundation for long-term resilience and regional recovery.