World Bank Helps Bangladesh Safeguard Low-Income Urban Youths and Returnee Migrants from the Fallout of COVID 19 Pandemic
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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
World Bank Helps Bangladesh Improve Irrigation-based Agricultural Productivity
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WASHINGTON, March 9, 2021 The World Bank today approved $120 million to help Bangladesh improve food security by enhancing climate resilience and productivity of irrigated agriculture and fisheries.
The Climate-Smart Agriculture and Water Management Project will rehabilitate and modernize public Flood Control, Drainage, and Irrigation (FCDI) infrastructures. This will help improve irrigation and drainage service over 115,000 hectares where flood damage to crops will be reduced by 60 percent. The project will help increase the incomes of 170,000 poor people who are vulnerable to climate change. Half of the beneficiaries will be women.
“In Bangladesh, more than 70 percent of the population is dependent on agriculture for their livelihood but their exposure to climate and natural disasters makes them vulnerable,” said
World Bank extends support to Maldives’ workers impacted by COVID-19
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WASHINGTON, D.C., January 25, 2021 The World Bank’s Board of Executive Directors today approved additional financing of $21.6 million to further help Maldives mitigate the economic impact of the COVID-19 crisis on poor and vulnerable workers and their families.
The additional financing will be utilized to expand the existing COVID-19 Emergency Income Support Project, which was approved by the World Bank’s Board of Executive Directors in June 2020 with funding of $12.8 million. It will help finance the extended duration of the Government’s COVID-19 Income Support Allowance scheme by continuing to provide temporary support of up to MVR 5,000 (approximately $322) per month to workers who have lost their jobs or income as a result of the coronavirus pandemic.