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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.
World Bank Helps Bangladesh Safeguard Low-Income Urban Youths and Returnee Migrants from Fallout of COVID 19 Pandemic
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World Bank approves $200m to help Bangladesh support urban poor, migrants
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Mozambique Economic Update: Setting the Stage for Recovery, February 2021 [EN/PT]
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Mozambique Economic Update: Setting the Stage for Recovery
Maputo, March 4, 2021 The Mozambique economy has registered its first contraction in nearly three decades due to the COVID-19 (coronavirus) pandemic, further compromising years of hard-won development gains in a country already facing substantial challenges.
Released today, the 6 th edition of the World Bank Mozambique Economic Update: Setting the Stage for Recovery, establishes that the COVID-19 pandemic has hit Mozambique’s economy as it was attempting to recover from the protracted slowdown triggered by the hidden debt crisis and the tropical cyclones of 2019. The country’s real Gross Domestic Product (GDP) is estimated to have declined by 1.3 percent in 2020, compared to a pre-Covid estimate of 4.3 percent. It further notes that lockdown measures have disrupted supply chains and depressed domestic demand, as well as delayed Fo