Dhaka : Asian Development Bank (ADB) and Bangladesh government signed an agreement on Monday of $150 million in loan to continue support in skill development training.
Monowar Ahmed, secretary to Economic Relations Division (ERD) and Manmohan Parkash, country director of the ADB signed the agreements on behalf of Bangladesh and ADB respectively at a function in Dhaka, said a press release.
Lauding Bangladesh for its first-paced economic development, Parkash said, this is a flagship ADB program for providing market responsive inclusive skills training in emerging trades and strengthening institutions like National Skills Development Authority and the National Human Resource Development Fund.
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“To improve human resources is a critical issue for Bangladesh in becoming a developed nation by 2041,” the country director said.
“Bangladesh can further boost its economy by skilling the workforce and increasing its inward remittance many folds by exporting skilled workers,” he noted.
ADB will provide the assistance under the third and last tranche of the ongoing Skills for Employment Investment Program (SEIP). The program is providing market-responsive skills training through partnerships with public institutes, industry associations and other organisations, covering skills requirements in 10 industry sectors. The project will train up around 320,000 people, 30 per cent of whom will be women, said the release.
It will support new training to the socially disadvantaged groups including people with disabilities and women entrepreneurs to ensure inclusive skilling efforts, the press release added.
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