World Bank gives $200m for urban youths, returnee migrants | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
July 11, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JULY 11, 2025
World Bank gives $200m for urban youths, returnee migrants

Economy

TBS Report
17 March, 2021, 11:40 am
Last modified: 17 March, 2021, 09:22 pm

Related News

  • Financial sector reforms not only driven by IMF, World Bank; govt taking initiatives as well: Finance adviser
  • National Forest Inventory key to climate action: Adviser Rizwana 
  • Jean Pesme takes charge as World Bank’s new director for Bangladesh, Bhutan
  • Jean Pesme joins as World Bank's new division director for Bangladesh, Bhutan
  • Separation of NBR crucial to boost revenue collection: IMF

World Bank gives $200m for urban youths, returnee migrants

The project will help about 175,000 poor urban youth and low-income microentrepreneurs

TBS Report
17 March, 2021, 11:40 am
Last modified: 17 March, 2021, 09:22 pm
Photo of World Bank. Photo: Collected
Photo of World Bank. Photo: Collected

The World Bank has approved $200 million to help Bangladesh provide support and services to the low-income urban youths affected by the Covid-19 pandemic and the involuntary returnee migrants to improve earning opportunities and resiliency. 

The Recovery and Advancement of Informal Sector Employment (RAISE) project will help about 175,000 poor urban youth and low-income micro-entrepreneurs enhance employability and productivity by helping them access services such as life-skills training, apprenticeship programs, counselling, microfinance, and self-employment support.

To help about 200,000 eligible migrants who had been forced to return since January 2020 either sustainably reintegrate into the domestic labour market or prepare for re-migration, the project will provide cash grants, counselling, and referrals to relevant services based on their needs and aspirations, read a press release issued by the World Bank. 

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"International migration and urban informal sector have played a central role in Bangladesh's remarkable success in reducing poverty over the years. However, both sectors were hit hard by the Covid 19 pandemic," said Mercy Tembon, World Bank Country Director for Bangladesh and Bhutan. 

"The project will support both groups of workers to overcome structural barriers to employability and facilitate resilient post-pandemic growth."

For the low-income urban youth and micro-entrepreneurs whose livelihoods have been impacted by Covid-19, the project will support an economic inclusion programme that will be tailored to fit the individual needs of eligible beneficiaries.

The range of services offered include life-skills and socio-emotional counselling; on-the-job learning through apprenticeship programs; business management training; and microfinance for self-employment and informal micro-enterprises, added the press release. 

Through a comprehensive programme, the project will also help low-income migrants, many of whom have returned with high debt burdens, by providing counselling to help determine immediate needs and aspirations; socio-emotional counselling to support their reintegration into the community; referrals to technical, vocational or business management training to upgrade their skills and enhance their ability for self-employment, and cash grants.

To provide these services, the project will set up 32 district welfare centres. It will also support upgrade and integration of information systems that will streamline social protection service delivery for aspiring, current, and returning migrants. 

"While the project will focus on the immediate needs of migrants who have returned due to Covid-19 impacts, through the systems development and capacity building, it will also benefit outgoing and voluntarily returning migrants, their families and communities, over the longer term," said Syud Amer Ahmed, World Bank Senior Economist and Team Leader for the project. 

"It will also focus on the needs of female returnees, including psychosocial counselling and referrals to gender-based violence related services, as well as ensuring specific outreach activities to support their economic reintegration."

The credit is from the World Bank's International Development Association (IDA), which provides concessional financing, has a 30-year term, including a five-year grace period. Bangladesh currently has the largest ongoing IDA programme totalling over $13.5 billion. The World Bank was among the first development partners to support Bangladesh and has committed more than $33.5 billion in grants, interest-free and concessional credits to the country since its Independence. 

Bangladesh / Top News

World Bank / Low-income urban youths / approve

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • How tender rules and a lone bidder stall a $2.5b power plant
    How tender rules and a lone bidder stall a $2.5b power plant
  • Bangladesh and US hold tariff talks for second day on 9July 2025. Photo: CA Press Wing
    35% tariff: Bangladesh, US 'reach general consensus on some issues' on second day of talks; final round today
  • BNP senior leader Salahuddin Ahmed. Photo: Collected
    No scope for electoral alliance with Jamaat, door not closed for NCP: BNP's Salahuddin

MOST VIEWED

  • Photo: Mohammad Minhaj Uddin/TBS
    SSC, equivalent results: Pass rate drops to 68.45%, GPA-5 also declines
  • In terms of stream of education, girls maintained their excellence as well. Photo: TBS
    SSC 2025: Girls dominate boys by over 5%
  • Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
    Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
  • Students sit for SSC exam at Motijheel Girls' High School on 10 April 2025. Photo: Mehedi Hasan/TBS
    SSC exam results out: Here's how you can check online and via SMS
  • The overall pass rate across all boards this year, 68.45%, is significantly lower than last year's. Photo: Focus Bangla
    SSC 2025: Rajshahi board records highest pass rate, Barishal lowest
  • Representational image. Photo: Collected
    35% tariff: Bangladesh, US 'agree on most issues' as first day of talks ends

Related News

  • Financial sector reforms not only driven by IMF, World Bank; govt taking initiatives as well: Finance adviser
  • National Forest Inventory key to climate action: Adviser Rizwana 
  • Jean Pesme takes charge as World Bank’s new director for Bangladesh, Bhutan
  • Jean Pesme joins as World Bank's new division director for Bangladesh, Bhutan
  • Separation of NBR crucial to boost revenue collection: IMF

Features

Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

14h | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

17h | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered — have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

18h | Panorama
Photo: Rajib Dhar/TBS

11 July 2024: Riot vehicles, water cannons hit the streets as police crack down on protesters

10h | Panorama

More Videos from TBS

'Hypocrisy' will not continue, Iran tells IAEA

'Hypocrisy' will not continue, Iran tells IAEA

13h | TBS World
OpenAI to release web browser in challenge to Google Chrome

OpenAI to release web browser in challenge to Google Chrome

13h | TBS World
Will the title 'Honorable and Excellency' be abolished?

Will the title 'Honorable and Excellency' be abolished?

14h | TBS Today
July Declaration must be constitutionally recognized: Akhtar Hossain

July Declaration must be constitutionally recognized: Akhtar Hossain

14h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net