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EU, Germany contribute €80m to strengthen social security The New Nation
BSS, Dhaka :
The European Union (EU) and Germany transferred €80 million (around Tk 800 crore) to Bangladesh to strengthen key areas of its social security system and build resilience to Covid-19, with a particular focus on affected workers in export-oriented industries.
The establishment in October 2020 of the Government s Social Protection Programme for Unemployed and Distressed Workers in the Ready-Made Garment (RMG), Leather goods and Footwear Industries features as an important response measure, said media release on Thursday.
This is the first joint disbursement from the €113 million grant made available by the EU and Germany as part of Team Europe s response to fight Covid-19 and its consequences in Bangladesh. Funds are channelled through the budget support programme on National Social Security Strategy reforms in Bangladesh.
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Pic: Zabed Hasnain Chowdhury / Shutterstock.com The European Union and Germany have signed an agreement to provide €113 million (nearly 1,145 crore taka) in support to the Government of Bangladesh’s Social Protection Programme for Unemployed and Distressed Workers in the RMG, Leathergoods and Footwear Industries. This will contribute to safeguard livelihoods of workers in export-oriented industries.
The programme, which is part of Team Europe’s contribution to fight COVID-19 and its consequences in Bangladesh, offers a safety net to workers whose livelihoods are affected by the economic fallout. It also contributes to strengthening the resilience of Bangladesh’s social security system.