Dhaka, Feb. 16 -- Sahayak Foundation and World Bank on Monday signed a US$150.75 million financing agreement to strengthen skills development and expand employment opportunities for the country's youth.

The agreement was signed by PKSF Managing Director Md Fazlul Kader and the World Bank's Division Director for Bangladesh and Bhutan, Jean Pesme.

The funding will serve as additional financing for the Recovery and Advancement of Informal Sector Employment (RAISE) project being implemented by PKSF.

The RAISE project was launched in 2022 with an initial financing of US$250 million and was originally scheduled for completion in June 2026.

With the new financing, the project timeline will be extended until December 2030. The budget for the ...