WB to provide $300m to help 900,000 rural youths in Bangladesh

WB to provide $300m to help 900,000 rural youths in Bangladesh

The government of Bangladesh and the World Bank today signed a $300 million financing agreement to equip about 900,000 economically disengaged rural youths with skills and alternative education needed for employment and entrepreneurship.
Out of the total number, about 60 percent would be female.
In this regard, a loan agreement was signed today by Economic Relations Division (ERD) Secretary Sharifa Khan and World Bank Country Director for Bangladesh and Bhutan Abdoulaye Seck on behalf of the government and the World Bank respectively.
The concessional credit is from the World Bank International Development Association (IDA) and has a 30-year term, including a five-year grace period.