Human capital development will help Bangladesh in achieving higher levels of economic growth, said Nicole Klingen, South Asia Regional Director for Human Development at the World Bank.
Klingen made the comment while visiting the field-level activities of ‘Recovery and Advancement of Informal Sector Employment (RAISE) project, run by Palli Karma-Sahayak Foundation (PKSF), in Savar and Dhamrai upazilas of Dhaka on Monday.
She said, “We are investing a lot in health and education and, of course, in the jobs and safety nets agenda to make sure that people get opportunities to contribute to the economic development for future while Bangladesh is striving to achieve higher levels of economic growth. We are very proud and happy to be working with the government of Bangladesh on this agenda.”
Nicole Klingen was leading a WB delegation who visited field-level interventions of the RAISE project, jointly funded by PKSF and the World Bank.
Society for Development Initiatives (SDI) and Social Upliftment Society (SUS), two of the project-implementing partner organizations of PKSF, are conducting the project’s activities in Dhaka’s Savar and Dhamrai areas.
“I am very pleased with what I saw today,” said Klingen, praising the PKSF’s activities in the field.
RAISE really helps in the aspect of providing youth with opportunities to make more productive contribution to the economy and society in Bangladesh, she added.
She was accompanied by S Amer Ahmed, RAISE Task Team Leader at the WB, Anika Rahman, RAISE Co-Task Team Leader, WB and Dilip Kumar Chakravorty, General Manager (Program) and RAISE Project Coordinator of PKSF.
PKSF, an apex development institution established by the government of Bangladesh (GoB), launched the $250-million project in February 2022.
Under this five-year project, 1.75 lakh youths and micro-entrepreneurs are receiving inclusive financial services as well as capacity enhancement support.
The RAISE project is playing an important role in achieving Perspective Plan 2021-2041 of the government of Bangladesh and Sustainable Development Goals (SDGs) by creating opportunities for youths to engage in dignified and decent work environments.
