‘The COVID-19 pandemic continues to be an enormous challenge around the world. So far, Bangladesh has tackled the challenges well through fiscal stimulus and social protection programs. However economic recovery would depend on vaccination for those who need it most, and actions to increase efficiency and boost productivity,’ said Mercy Tembon, World Bank Country Director for Bangladesh and Bhutan.
These projects will help vaccinate about one-third of the population, attract direct private investment in specialized economic zones and expand as well as upgrade the electronic government procurement system, she said.
The $500 million Private Investment and Digital Entrepreneurship (PRIDE) Project will promote and attract about $2 billion direct private investments and strengthen social and environmental standards in selected public and private economic zones and software technology parks.