According to an estimate of the Asian Development Bank, some 1.4 million Bangladeshis have lost their jobs
The government considers improving the abilities of the country’s capable population and their productivity to fulfil the demand of the labour markets, both in the home and abroad, looking to face the adverse impact of Covid-19 that devastated the national economy.
Some 1.2 crore Bangladeshi persons are engaged in a variety of jobs in 178 countries around the world, according to the official document.
In the last a decade, 66,33,000 professional, skilled, semiskilled, and unskilled people visited various countries taking various jobs, which is 60% of the total employment abroad.
However the Covid-19 pandemic and subsequent lockdown have badly afflicted the foreign job market and the government is continuing its diplomatic efforts to save their jobs.
Besides, the prolonged government-sponsored holidays in the country that had were only available in the last week of March also cast a significant impact on the work market in the country.
According to an estimate of the Asian Development Bank, some 1.4 million Bangladeshis have lost their jobs.
Bangladesh enjoys a facility of demographic dividend as a huge capable population is included in the full total population each year.
Against this backdrop, the federal government has recently announced stimulus packages of Tk1.03 trillion or different sectors from RMG to agriculture to keep up the high financial growth and create more jobs for the capable population.
As per the federal government document, the federal government has taken various programmes with assistance from development partners to skill up the manpower so that they could get better jobs bot in the home and abroad.
The World Bank on June 19 approved financing the next Programmatic Jobs Development Policy Credit to supply some $250 million to Bangladesh as development policy credit.
The project aims to aid Bangladesh government’s reform programme to handle the country’s job challenges by modernising the trade and investment environment, strengthening systems that protect workers and build resilience and bettering policies and programmes that enhance access to jobs for vulnerable populations, especially during the pandemic.
The Programmatic Jobs Development Policy Credit is targeted at supporting Bangladesh to develop a better policy and institutional framework to address barriers to creating more jobs for citizens, including women, youths and the vulnerable population.
To market large-scale employment in various manufacturing sectors, the reform programme can help enhance the investment environment, lift barriers to conducting business, and modernize customs and trade facilitation. The programme may also help implement amendments to the labour law and reform the pensions programme to make certain workers are protected.
Another programme titled ‘Skills for Employment Investment Programme’ (SEIP) for providing market-responsive skill training through partnerships with public institutes, industry associations and other organisations, covering skill requirements in 10 industry sectors can be going on, according to the document.
Under this programme of Finance Division, some 841,680 youths will learn to build up their skills which will be ideal for them to get jobs in the home and abroad. Some 428,000 youths already have their training although some 248,000 have already been appointed in the jobs.
Youth Development Department is implementing a project called National Service Programme, under which youths are getting training and being engaged in momentary jobs.
The government in addition has activated National Skills Development Authority for coordinating government's various skill development activities.
The government also formed National Human Resource Development Fund for ensuring smooth financing for skill development programmes.