ADB to assist in upgrading workforce

The Asian Development Bank (ADB) will lend $350 million to Bangladesh to help public and private institutions scale up skills-training for 1.25 million young workers to equip them to find jobs and meet the changing needs of today’s labor market. The total cost of the government’s skills for employment investment programme is estimated at $1.07 billion. ADB loans for the programme will be released in three tranches as part of a seven-year financing facility, said a press release, according to a news agency.