Dhaka, Oct. 27 -- Bangladesh will receive $200 million from the International Development Association (IDA), a concessionary lending window of the World Bank, to help create jobs in the country's Covid-affected informal sector.

The fund will come under an agreement Bangladesh signed with IDA in the capital on Wednesday.

Fatima Yasmin, secretary, Economic Relations Division, Ministry of Finance, and Mercy Miyang Tembon, Country Director, World Bank, Dhaka Office, signed the loan agreement on behalf of their respected sides, reports UNB.

The project titled Recovery and Advancement of Informal Sector Employment (RAISE) would be implemented by Palli Karma-Sahayak Foundation (PKSF) under the supervision of Financial Institutions Division of...