World Bank-approved $150.75 million additional financing to the RAISE project to scale up employment and income opportunities for low-income youth and microentrepreneurs in Bangladesh, with a particular focus on women and those living in climate-vulnerable areas. The financing creates approximately 176,000 additional employment opportunities (on top of 233,000 earlier beneficiaries) through a comprehensive package including skills training, apprenticeships, entrepreneurship development, and access to microfinance to help young people and microentrepreneurs overcome barriers to employment and business growth. Introduces innovative approaches for women’s empowerment including access to quality childcare, and builds climate-resilient livelihoods to help communities adapt to climate shocks.
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