WASHINGTON, June 19, 2020- The World Bank’s Board of Executive Directors today approved financing for the following project:
Second Programmatic Jobs Development Policy Credit
IDA: $250 million (development policy credit)
Maturity: 30 years Grace Period: 5 years
Service charge: 3/4ths of 1% p.a. Interest charge: 1.25% p.a.
Project ID: P168724
Project Description: The project aims to suport the Government of Bangladesh’s program of reforms to address the country’s jobs challenges by: (i) modernizing the trade and investment environment; (ii) strengthening systems that protect workers and build resilience; and (iii) improving policies and programs that enhance access to jobs for vulnerable populations, especially during the Coronavirus pandemic.