The agreement was signed by PKSF Managing Director (MD) Md Fazlul Kader, andWB's Division Director for Bangladesh and Bhutan Jean Pesme. This comes asadditional funding to the Recovery and Advancement of Informal SectorEmployment (RAISE) project being implemented by the PKSF. The RAISE project was launched in 2022 with an initial financing of US$250million, with the original completion timeline set for June 2026. From 2022 to 2030, the totalbudget of the RAISE project now stands at US$536.50 million, equivalent toapproximately Taka 61 billion, according to a press release. In this extended phase, special focus will be placed on youth from remote andclimate-vulnerable areas, including chars, haor regions, and the hill tracts.

Source: Bangladesh Sangbad Sangstha February 16, 2026 18:24 UTC