Bangladesh Jobs Programmatic DPC

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The development objective of the First Programmatic Jobs Development Policy Credit (DPC) for Bangladesh is to support the Government of Bangladesh's (GoB’s) program of reforms to address the country’s jobs challenges by: (i) modernizing the trade and investment environment; (ii) strengthening systems that protect workers and build resilience; and (iii) improving policies and programs that enhance access to jobs for vulnerable populations. The operation will help strengthen GoB’s capacity to support faster, more inclusive job creation in the short‐to‐medium term, while laying the foundations for a future economy that is sustainable and adaptable to a rapidly changing external environment. DPCs is organized around three pillars. Pillar A seeks to improve the environment for sustainable private investment and trade to unlock large‐scale job creation in diversified manufacturing sectors where Bangladesh has comparative advantage today, while also establishing an investment environment that is conducive the industries and services that will drive job creation in the future. Pillar B aims to strengthen national systems that reduce the vulnerability of workers and strengthen resilience, improving the quality of jobs today and ability of workers to adapt to future changing labor markets. Pillar C targets reforms to enhance access to job opportunities for vulnerable groups in today’s and tomorrow’s labor markets through support for women’s labor market participation, overseas migrants, and skills development for youth. The operation represents an opportunity for the World Bank Group (WBG) to re‐engage with the GoB on development policy lending, while marking an inflection point for the GoB’s approach to addressing the jobs challenge.