Current Affairs

World Bank approves $1.05 billion to Bangladesh for three projects.


Daily Current Affairs

World Bank approves $1.05 billion to Bangladesh for three projects.

The world bank has approved dollar 1.05 billion for three projects in Bangladesh to create quality jobs and accelerate economic recovery in the wake of the corona pandemic. The World Bank has approved this amount to bring the economy out of the pandemic setback by creating better jobs and promoting direct private investment in specialized economic zones.

 

Highlights:

·         World Bank has approved the amount for the first project worth of 500 million dollars known as private investment and digital entrepreneurship (PRIDE)

·         The dollar 250 million Second Programmatic Jobs Development Policy Credit will create fiscal space to support the government’s response to the global pandemic COVID19.


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World Bank approves $1.05 billion to Bangladesh for three projects.