Name: Robiul Awal, ID: 163431040

Assignment

On

“A study on financial institutions in Bangladesh, contribution of that in this

pandemic situation”

Submitted to

Saiful Islam

Lecturer

Course Instructor: FIN403 Financial Institutions

Department of Business Administration

City University

Submitted By

Md.Robiul Awal

Batch: 43rd KA

ID:163431040

Subject: FIN403 Financial Institutions

Program: BBA

Department of Business Administration

City University

Khagan, Ashulia, Dhaka

Date of Submission: 27-07-2020

 Name: Robiul Awal, ID: 163431040

Acknowledgement
First of all, we wish to express our gratitude to the almighty ALLAH for giving us the strength to
perform our responsibilities as an intern and complete the assignment within the stipulated time.

We deeply indebted to our Faculty Advisor Saiful Islam Lecturar, Department of Business
Administration City University. For his full support and encouragement

It was opportunity to me to learn about a lot of things about financial institutions and their
contribution in this pandemic situation which play a key role in the economy.so all credit goes
to our honorable instructor Saiful Islam. I really want to express my heartiest gratitude to him
for his valuable advice and time he gave me.

Executive summary

Economy is the backbone of a nation. Which country’s economy is strong those are more
developed.in our country Agriculture and industry play a vital role to accumulate and making
the economy strongest.
Our country’s Lion share of economy comes from agriculture and Industry. Agriculture
support to local people for making and consuming indigenous product and sell them to abroad.
On the other hand industry especially garments pharmaceuticals shipbuilding real estate frozen
food is the major industrial sector for making economic development.
In this assignment we try to express the contribution of various financial institutions and their
contributions in the Corona virus pandemic which help to grow Bangladesh economy. This
assignment will shows that the relation between financial institutions, Government and
economy. How Bangladesh’s economies survive in the Novel corona Virus pandemic and
what factors that help the economy to survive.
Not only Bangladesh but Also All over the world’s economy falling rapidly .every country’s
stock market fall heavily.
 Name: Robiul Awal, ID: 163431040

Table of contents

Seri Topics Pag

al e
No No
1st Title page 1
Acknowledgement 2

Executive summary 3

Table of content 4

CHAPTER ONE
Introduction
1.1 Background of the report 6
1.2 Objectives of report 7
1.3 Methodology 7
1.4 Sources of Collection data 8
1.5 Limitation of the report 8
CHAPTER TWO
Country And Festival Overview
2.1 About the Financial institutions of Bangladesh 9
2.2 Role of Financial Institutions in Bangladesh Economy 9
2.3 Challenges of financial institution in pandemic situation 10
2.4 International help of Bangladesh economy for Covid-19 12
2.5 Various types of steps taken by Bangladesh Government for stability of 13
economic groth
2.6 Electronic Banking in Bangladesh during corona virus 15
2.7 Digital Bangladesh(Government Vision) 16
CHAPTER THREE
Analysis& Findings
3.1 Challenges of Banking sector 20
 Name: Robiul Awal, ID: 163431040

3.2 Findings 20
CHAPTER FOUR
Recommendation& Conclusion
4.1 Recommendation 21
4.2 Conclusion 21
 Name: Robiul Awal, ID: 163431040

Introduction

The coronavirus outbreak has impacted financial markets and consumer sentiments; and with
the ongoing liquidity concerns and lockdown situations it seems there’s more trouble brewing
for financial institutions.
Soon after the World Health Organisation declared the Novel Coronavirus outbreak a pandemic,
Investors started pulling out their money. The stock markets of the world crashed. Central banks
made off-cycle rate cuts and injected liquidity to keep the economy moving.

The prime objective of the report is to get practical knowledge about the overview of our
financial institutions and their contribution of pandemic situation in Bangladesh and how they
play important role in economic development in this situation. Besides the prime objective; the
report has been composed to obtain the following specific objectives:

· To present an over view of economy of Bangladesh.

· To know an overview of financial sectors in Bangladesh and their contribution in Covid 19

crisis .

· To know which industry contributes highest portion to the financial sectors in Bangladesh in
pandemic situation

· To know Financial Institution overcome corona virus pandemic..

· To identify the problems of financial institutions which impact economic development during
corona virus.

Limitations of the Study:

In preparing the report, some problem is found, affected the presentation of the report. The acute
problems are-

a) Lack of information or data:

 Name: Robiul Awal, ID: 163431040

The information related to different issues for the leasing sector is not properly available. As a
result in the report there is a data limitation. Specially, the information concerning our country is
tough to get.

b) Time constraint:

It is something like impossible to cover in depth of the report within the short time period.

In spite of all the drawbacks faced, everything has been managed well at the end. That’s why it
can be thought; the report is a quality report on the financial sectors in Bangladesh and impact of
leasing sector on our economy. So readers are requested to consider these limitations while
reading and justifying any part of study.

Methodology & Sources of Data:

To prepare the report the following are the important terms:

ü Processing of Data:

Data have been processed with the help of Microsoft Word.

ü Analysis of Data:

Data have been analyzed & interpreted with various tools.

Different ratios have been used to identify the performance of financial institutions in
Bangladesh during corona virus pandemic

ü Sources of Data:

The information for preparing the report have been collected from various sources such as
internet, Magazines,News papers,books,blog post etc

Overview of Financial Institutions of Bangladesh:

Financial institutes play an important role for the economic development of any country. The
objective of these institutions is to accumulate the scattered deposit and invest it in a productive
manner for economic emancipation.
 Name: Robiul Awal, ID: 163431040

There are 51 schedule banks (January 2001) operate in Bangladesh. Of them 4 nationalized
commercial banks, 5 specialized banks, 30 private commercial banks and 12 foreign banks. The
number of branches of those banks is 6242. Of which 2511 (40.2% of total) are in urban areas
and rest 3731 (59.8% of total) are in rural areas.

Up to February 2002, of fiscal 2001-2002, total deposit and loan of all banks is taka 85259.8 and
Taka 69392.6 Cr. Respectively.

For proper monitoring the operations of banks, Bangladesh bank introduces “Problem Bank
Monitoring Division” in addition to CAME RATING. To increase the economic activities
Bangladesh bank reduces the bank rate to 6% from 7%.

To increase customer services banks are using various modern techniques like on line banking,
ATM, Money Gram, Credit Card etc.

The coronavirus outbreak has impacted financial markets and consumer sentiments; and with
the ongoing liquidity concerns and lockdown situations it seems there’s more trouble brewing
for financial institutions.
Soon after the World Health Organisation declared the Novel Coronavirus outbreak a
pandemic, a sudden pandemonium broke loose across the globe.

Investors started pulling out their money. The stock markets of the world crashed. Central
banks made off-cycle rate cuts and injected liquidity to keep the economy moving.

Economy
Economists and experts across the world believe that the sudden economic stop caused by
coronavirus disease containment measures will lead to a global recession this year.

A report by S&P Global Ratings said, “Collapsing demand threatens a cash flow slump.
Central banks will likely prevent systemic failures in the financial system by cutting rates to
zero or lower, injecting liquidity into the system, and implementing measures similar to those
after the global financial crisis to lessen risk.”

The government has already started taking fiscal measures to manage the health situation and
avoid a dramatic human toll from COVID-19. “The length of the crisis, the resilience of the
country's economic and political base, and the speed and adequacy of policy response will be
key for the trajectory of sovereign ratings,” S&P report added.
 Name: Robiul Awal, ID: 163431040

The Financial Institution

A financial institution is basically an establishment that conducts financial transactions such as

investments, loans and deposits.

There are five main types of financial institutions.

1.Commercial banks: commercial banks worked directly with businesses. Currently, the majority
of large banks offer deposit accounts, lending and limited financial advice to both demographics.

2. Investment Banks:: Investment banks do not take deposits; instead, they help individuals,
businesses and governments raise capital through the issuance of securities. Investment
companies, more commonly known as mutual fund companies, pool funds from individual and
institutional investors to provide them access to the broader securities market.5

Brokerage Firms: Brokerage firms assist individuals and institutions in buying and selling
securities among available investors.

3. Insurance Company: Financial institutions that help individuals transfer risk of loss are known
as insurance companies. Individuals and businesses use insurance companies to protect against
financial loss due to death, disability, accidents, property damage, and other misfortunes

4. Mortgage: most mortgage companies serve the individual consumer market, some specialize
in lending options for commercial real estate only.

5. Investment Company: Investment companies, more commonly known as mutual fund

companies, pool funds from individual and institutional investors to provide them access to the
broader securities market.

The primary role of financial institutions is to provide liquidity to the economy and permit a
higher level of economic activity than would otherwise be possible.

According to the Brookings Institute, banks accomplish this in three main ways: offering credit,
managing markets and pooling risk among consumers.

If you are familiar with GDP, the investment portion is heavily influenced by financial
institutions, as they facilitate how much people save and invest in an economy, which is an
ingredient for economic growth.

Without financial institutions, people wouldn’t be able to take advantage of rising and falling
interest rates and there would be no saving of money, other than the stacks you stuff under your
mattress.
 Name: Robiul Awal, ID: 163431040

Economic institutions
Economic institutions are durable systems of economy that are established and embedded with
social rules and conventions that structure social and monetary interactions.
Specific agencies or foundations, both government and private, devoted to collecting or
studying economic data, or commissioned with the job of supplying a good or service that is
important to the economy of a country. The Internal Revenue Service (the IRS—the
government tax-collection agency), the U.S. Federal Reserve (the government producer of
money), the National Bureau of Economic Research (a private research agency) are all
examples of economic institutions.
Economists are interested not only in understanding specific existing institutional agencies,
but also in the more exciting question of why some institutions evolve and others don't. Why
do institutions differ in one country to the next?

Role of economic institutions

Economics has variously been defined as a social science that involves itself in the study and
analysis of production, distribution as well as consumption of goods and services. Therefore, in
some circumstances, when considering which type of institutions fall under this category, some
economist choose to leave out regulatory institutions and others such as non-profit organizations.
This leaves us with three categories: Manufacturers, distributors and consumers. These three can
informally be referred to as the categories

Overview of Financial system of Bangladesh

The financial system of Bangladesh is comprised of three broad fragmented sectors:

1. Formal Sector,
2. Semi-Formal Sector,
3. Informal Sector.

The sectors have been categorized in accordance with their degree of regulation.
The formal sector includes all regulated institutions like Banks, Non-Bank Financial Institutions
(FIs), Insurance Companies, Capital Market Intermediaries like Brokerage Houses, Merchant
Banks etc.; Micro Finance Institutions (MFIs).

The semi formal sector includes those institutions which are regulated otherwise but do not fall
under the jurisdiction of Central Bank, Insurance Authority, Securities and Exchange
Commission or any other enacted financial regulator. This sector is mainly represented by
Specialized Financial Institutions like House Building Finance Corporation (HBFC), Palli
Karma Sahayak Foundation (PKSF), Samabay Bank, Grameen Bank etc., Non Governmental
Organizations (NGOs and discrete government programs.
 Name: Robiul Awal, ID: 163431040

The informal sector includes private intermediaries which are completely unregulated

Role of Financial Institutions in Bangladesh

Financial institutions play an important role in the economic development of a country.

Theobjective of these institutions is to accumulate the scattered deposits and invest
them in aproductive manner for economic upliftment. The financial market is
created to satisfyparticular preferences of market participants. These markets transfer
funds from those whohave excess funds to those who need funds. That is, they facilitate the
transfer of funds fromsurplus units to deficit units.Because the funding needs vary among
deficit units, various financial markets have been established. The primary market
allows for the issuance of new securities, while the secondary market allows for the
sale of short-term securities; the capital markets facilitate thesale of long-term securities. The
main participants of financial markets can be classified as households, businesses and
government agencies. These participants who provide funds tothe financial market are
called surplus units. Households are the main type of surplus units.Participants who use
financial markets to obtain the funds are called deficit units.B a n g l a d e s h i s a c o u n t r y t h a t
s u f f e r s f r o m i m m e n s e s o c i a l , p o l i t i c a l , e c o n o m i c a n d environmental factors, and
these issues need to be addressed for the overall development ofthe country. However,
economic development is one of the prime areas, which can resolvemany of the country's
current problems. The growth of businesses in the market economies has created great
opportunities for Bangladesh in furthering development. Economic development
refers to changes that affect a local economy's capacity to create wealth for localresidents
(Kane & Sand 1988). The socio-economic development means
simultaneousdevelopment in both social and economic aspects of a country. Socio-economic
developmentof Bangladesh can be identified through a number of social and
economic indicators, including GDP growth, poverty issues, employment, healthcare,
environment, education,trade and commerce etc. The banking sector is playing a
significant role in the developmentof the country.The financial market can be classified into
two categories:MONEY MARKET1

The Financial Institution

First off, we need to understand what a financial institution is. A financial institution is basically

an establishment that conducts financial transactions such as investments, loans and deposits.
 Name: Robiul Awal, ID: 163431040

There are five main types of financial institutions.

1.Commercial banks

2. Investment Banks

3. Insurance Company

4. Brokerage

5. Investment Company

You can see the definitions for all of them here.

The primary role of financial institutions is to provide liquidity to the economy and permit a

higher level of economic activity than would otherwise be possible.

According to the Brookings Institute, banks accomplish this in three main ways: offering credit,

managing markets and pooling risk among consumers.

If you are familiar with GDP, the investment portion is heavily influenced by financial

institutions, as they facilitate how much people save and invest in an economy, which is an

ingredient for economic growth.

Without financial institutions, people wouldn’t be able to take advantage of rising and falling

interest rates and there would be no saving of money, other than the stacks you stuff under your

mattress.
Name: Robiul Awal, ID: 163431040
 Name: Robiul Awal, ID: 163431040

As constructive members of society, financial institutions have an integral role to play in

supporting real people, real lives, real economies, and to share the pain in a downturn.

1. PROVIDING CASH FLOW SUPPORT

Governments implementing lockdowns mean businesses and individuals are being starved of
income.

Expenses, however, still have to be met. With money not coming through the door, cash flow has
become the single biggest need. This is particularly true of individuals and small and medium-
sized enterprises (SMEs), which may not have the reserves that large companies do.

Since the biggest cash outflow for individuals or SMEs tends to be for a mortgage or some other
loan, banks have announced moratoriums on interest and/or principal payments until the year
end.

In recent days, DBS has had over 8,000 requests for mortgage relief in Singapore and
moratoriums on almost $1.6 billion of SME loans.

2. LOWERING THE COST OF LENDING

One way banks have done this is to allow eligible customers to convert credit card loans, which
draw annual interest in the 20+ per cent range, to a term one where the effective rate is capped at
8 per cent.

3. PROVIDING NEW KINDS OF LENDING TO MARGINAL BORROWERS

The Government has stepped in to cover risk up to 80 per cent to 90 per cent of some SME
loans. This improves dramatically a bank's ability to give a loan to the marginal borrower.

DBS has already approved over 1,200 loans worth over $1 billion under this programme.

4. HELPING CUSTOMERS DO THEIR BANKING DIGITALLY

This has become imperative during the circuit breaker period when companies outside of
essential services must facilitate full telecommuting. With employees working from home, it
makes no sense to still have to go to the branch to carry out banking transactions.

The "contact-free" trade financing digital capabilities we introduced in February allow corporate
customers to conduct 11 everyday trade financing solutions such as applying for letters of credit
online. They had to be done at trade counters or branches previously.

The banks have assured employees that there will be no layoffs arising from Covid-19.
 Name: Robiul Awal, ID: 163431040

At DBS, we are doing what we can to ensure everyone receives full pay even if, for a while, we
need fewer resources than normal in areas such as our branches. Emphasis has also been placed
on ensuring the mental health of our people amid work-from-home arrangements.

I was recently asked about how far a bank's social responsibility extends, insofar as the pandemic
goes. How should we balance our obligation to shareholders and other stakeholders, including
employees, customers and society at large?

At the heart of this question is the debate between the virtues of "shareholder capitalism" and
what is increasingly referred to as "stakeholder or conscious capitalism".

The shareholder school posits that a corporation's role is to maximise shareholder value, while
other societal goals should be left to agencies like investors or the Government, which are better
suited to that role.

I believe there are deeper underlying questions that this view begs. For example:

 Are corporations independent entities with obligations of their own, independent of

shareholders?
 Are governments adequately equipped to address some of the knotty, transnational
problems faced by the world?
 Is there really a conflict between the interests of shareholders and those of other
stakeholders?
The fact is that corporations are "living beings" for all intents and purposes and have an
obligation to the common good, just as all other living beings. This requires them to look after
the interests of employees and customers, as a start. It also places an obligation to address other
community imperatives as part of their charter.

The scale of the pandemic is such that it cannot be left to governments to find resolution on their
own. And the truth is that private sector corporations are some of the biggest actors on the world
stage, and have an ability to carry influence across borders.

There is also no real conflict between shareholder and stakeholder interests.

The issue is one of timeframes. While there may be some trade-offs between maximising
shareholder returns and providing societal benefits in the short term, addressing broader issues in
society is completely consistent with shareholder interests in the long term.

The economic impact of Covid-19 will be long-lasting, and my hunch is that it will take us into
the fourth quarter before we see any meaningful revival of activity. The reason it will take so
long is that it is not easy to start turning on the engine for the global economy.

In China, while 90 per cent to 95 per cent of employees are now back at work, factories are
operating at only 50 per cent to 60 per cent of capacity. This is because demand has collapsed in
the West and export-oriented industries will see operations return to normal only when there is a
synchronised recovery globally.
 Name: Robiul Awal, ID: 163431040

To get the economic engine revving quickly, we have to ensure that when demand returns, SMEs
can quickly activate their businesses. This means giving them the wherewithal to weather the
next few quarters; to keep workers on the payroll and supply chains intact.

The liquidity, lines of credit, and support that banks are giving serve to protect jobs and markets.

In a crisis, everyone has a role to play. Governments are pitching in, taxpayers are pitching in,
banks are pitching in, shareholders have got to pitch in. As responsible members of the
community, there are no two ways about it.
 Name: Robiul Awal, ID: 163431040

Coronavirus Considerations for Financial Institutions

Tuesday, March 10, 2020

Over the past two weeks, the international markets have been roiling under news that the COVID-19 virus,
commonly referred to as the coronavirus, may be spreading.  The Board of Governors of the Federal Reserve
System (the “Federal Reserve”), the Federal Deposit Insurance Corporation, the National Credit Union
Administration, the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau
(collectively, the “Federal Bank Regulators”) have not issued specific guidance or released public statements
outlining their expectations for responding to issues arising from the spread of the coronavirus.  However, financial
institutions should consider the potential impact (if any), including any regulatory impact, the coronavirus may have
on institutions.  Below are considerations that should be discussed by boards of directors and senior management. 

 Credit Risk. No one yet knows the financial ramifications of the coronavirus on the global economy.Nonetheless,
financial institutions should begin to discuss and review their portfolios to quantify potential credit risk in applicable
customer, industry and geographic segments.For instance, the coronavirus is being reported as having a disastrous
impact on the tourism, travel, transportation and hospitality/restaurant industries.Further, we know that, at this time,
the largest geographic impact of the coronavirus has been in China and Southeast Asia.Customers with a greater
exposure to these markets (e.g., manufacturing companies with Chinese or Southeast Asia supply-chain dependence)
or which operate in the industries identified above may have additional risk going forward.
 Review of the Business Continuity Plan. Given the potential risks associated with the coronavirus – such as credit
risks, risks to employees and cybersecurity risks as noted below – senior management should take this opportunity
to review their business continuity plan and determine if any updates should be made to the plan to better address
these risks.

Although the coronavirus has not, to date, been identified as a “pandemic” by the Centers for Disease Control and
Prevention and, as noted above, the Federal Bank Regulators have not provided specific guidance, both the Director
of the CFPB and the Chair of the FDIC, during separate public appearances, suggested that financial institutions
review the FFIEC’s guidance on how to address pandemic planning (“Pandemic Planning Guidance”) when
determining if their business continuity plan requires any updates.  Under the Pandemic Planning Guidance, the
FFIEC recommends that a business continuity plan include:  (i) a preventive program to reduce the likelihood an
institution’s operations will be significantly affected by a pandemic event; (ii) a documented strategy that provides
for scaling pandemic efforts commensurate with the particular stages of a pandemic outbreak; (iii) a comprehensive
framework of facilities, systems or procedures to continue critical operations if large numbers of staff members are
unavailable for prolonged periods; (iv) a testing program to ensure the institution’s pandemic planning practices and
capabilities are effective and will allow critical operations to continue; and (v) an oversight program to ensure
ongoing review and updates to the pandemic plan.  As a result, senior management should review and discuss the
foregoing considerations and determine their relevance when considering if any changes should be made to their
business continuity plan to address potential issues resulting from the spread of the coronavirus.

 Federal Reserve Interest Rate Cuts. On March 3, 2020, the Federal Reserve announced an emergency interest rate
cut of 50 basis points.This was the first time since 2008 that the Federal Reserve cut rates outside of its regularly
scheduled meetings.With cuts to interest rates, financial institutions will likely face new pressures on their net
interest margin.However, while lower interest rates tend to create margin pressure, lower interest rates can also
increase demand for loans.It is important to remember that the rate cut comes in an environment where consumer
 Name: Robiul Awal, ID: 163431040

confidence is strong.At this time, the market needs to digest the emergency move by the Federal Reserve.During the
coming months, senior management should continue to monitor the situation and consider what impact any future
rate cuts may have on their current strategy.
 Employees. As is reported, the coronavirus spreads through person-to-person contact.To mitigate risks to
employees, financial institutions may consider limiting unnecessary business travel, actively encouraging ill
employees to stay home and providing employees flexible work-from-home options.Strategies to mitigate
employee-related risk is ultimately institution-specific.However, at a minimum, senior management should consider
all available options.
 Information Systems/Cybersecurity. To the extent a financial institution wishes to utilize an increased digital
strategy, including, but not limited to, flexible work-from-home arrangements for employees or directing customers
to the institution’s website and digital product/servicing offerings, a financial institution may need to update its
employee and cybersecurity policies and procedures to accommodate an increased reliance on the institution’s
digital platform.In updating any employee policy for flexible work-from-home arrangements, specific attention
should be paid to use of office equipment, taking confidential documentation offsite and use of public Wi-Fi.
 Capital Markets. As was evident during the financial crisis, financial institutions have in the past found it difficult
to raise additional capital in times of economic and market uncertainty.Senior management may want to consider the
extent to which they may need or want to raise additional capital and/or issue debt in the near term as a defensive
measure in light of the uncertainty around the potential adverse economic effects of the coronavirus.
 Consumer Fraud Mitigation. With all crises or natural disasters, in times of distress comes a greater risk of scams,
fraudulent schemes and phishing attempts.Management should ready their compliance teams to be vigilant in
identifying fraudulent activity and targeted scams and monitoring consumers’ accounts for fraud.

International organisations contribution of pandemic

World Bank Provides Bangladesh Over $1 billion to Create Quality Jobs and Respond to
covid-19 pandemic WASHINGTON, June 19, 2020 —The World Bank today
approved $1.05 billion for three projects to help Bangladesh create quality
jobs and accelerate economic recovery from the COVID-19 (coronavirus)
pandemic as well as build resilience to future crises.

The $500 million Private Investment and Digital Entrepreneurship

(PRIDE) Project will promote and attract about $2 billion direct private
investments and strengthen social and environmental standards in selected
public and private economic zones and software technology parks. It will also
create 150,000 jobs, of which a percentage will be dedicated to women--about
40 percent in software parks and 20 percent in Economic Zones.
 Name: Robiul Awal, ID: 163431040

It will also develop the Bangabandhu Sheikh Mujib Shilpa Nagar II in Mirsarai-
Feni, including road networks with stormwater drainage, solar-powered
streetlights, climate-resilient water, sanitation, and power network. The project
will also establish Dhaka’s first digital entrepreneurship hub in the Janata
Software Technology Park and turn it into a green building. By attracting
domestic and foreign private investment, including in the IT and ITES sectors,
the project will help the economy to rebound from the impacts of COVID 19.

The $295 million Enhancing Digital Government and Economy (EDGE)

Project will establish an integrated, cloud-computing digital platform for all
government agencies and improve cyber-security, which will result in savings
of $200 million in the public sector’s IT investments. Further, it will build
resiliency during future crises, whereby the platform will enable the
government to operate virtually and deliver critical public services to citizens
and businesses.

The project will create 100,000 jobs, with a special focus on women, train
100,000 youth in digital and disruptive technologies, and establish a digital
leadership academy and centers of excellence. It will also help raise the
revenues of IT firms by $300 million and promote local IT firms in international
markets. To reduce vulnerabilities from the pandemic and prepare for the
Fourth Industrial Revolution, the project will help digitalize small and medium
enterprises and strategic industries.

The $250 million Second Programmatic Jobs Development Policy

Credit will create fiscal space to support the government’s response to the
COVID-19 crisis, while helping recovery and building resiliency of the
economy, of workers and of vulnerable populations to future shocks.

The financing will help Bangladesh to create large-scale jobs for citizens,
including women, youth, and migrant workers. The project —second in a
programmatic series of three—supports reforms to modernize the trade and
investment regime, build a stronger system of expanded safety nets and labor
protections, and help vulnerable population access better jobs, especially
during crises.