The World Bank has released 78.5 billion for the Digital Entrepreneurship Project to empower digital people in the Covid-19 epidemic. Of this, 500 million has been approved for private investment and digital entrepreneurship projects. And another project called Enhancing Digital Government and Economy has approved  28.5 million.

This information was given in a press release sent from the Dhaka office of the World Bank on Saturday (June 20).

According to the announcement, signed by World Bank Country Director Mercy Tembon, the Enhancing Digital Government and Economy project will establish an integrated, cloud-computing digital platform for government agencies and improve cyber-security. This will save 2 billion in public sector IT investment.

The project will create employment for one lakh women, train one lakh youth in digital and disruptive technologies. The project will help digitize small and medium enterprises and strategic industries.

The Digital Entrepreneurship project will set up the first Digital Entrepreneurship Center in Dhaka at the Software Technology Park and transform it into a green building. It will attract domestic and foreign private investment, including in the IT and ITES sectors.

This project will create 1 lakh employment opportunities. Besides, 1 lakh unemployed will get various types of training. In the economic zone, 20 percent of jobs will be allocated for women.