The World Bank will provide $250 million for development policy operation to help the government of Bangladesh strengthen its capacity to create more, better-paid and quality jobs in a rapidly changing environment. “The financing agreement in this regard will be signed today between the government and the World Bank at the Pan Pacific Sonargaon Hotel at 7:30 pm,” said an official at the Economic Relations Division (ERD).

The official told the news agency that ERD Secretary Monowar Ahmed and World Bank Country Director for Bangladesh, Bhutan and Nepal Qimiao Fan will sign the agreement on behalf of their respective sides. Finance Minister AHM Mustafa Kamal will be present on the occasion as the chief guest.

According to the ERD and the World Bank, the Programmatic Jobs Development Policy Credit aims at supporting Bangladesh develop a stronger policy and institutional framework to address barriers to creating more and better jobs for citizens, including women, youth and the vulnerable population.