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· The government of Bangladesh signed an agreement with the World Bank for USD 300 million financing . · It will help the country strengthen its local urban institutions to respond and recover from the Covid 19 pandemic and improve preparedness for future shock . · The Local Government Covid 19 Response and Recovery Project will benefit 39 . 9 million people in urban areas of eight districts of Bangladesh . · These will benefit the low - income areas, slums, and areas exposed to high disease outbreak and disaster risks . · It will simultaneously create 1 . 5 million days of short - term work as well as jobs for 10,000 women under the public works scheme for the urban poor . Learn Along : About Bangladesh Capital : Dhaka Currency : Bangladeshi taka Prime minister : Sheikh Hasina About World Bank Founded : July 1944 Headquarters : Washington, D . C . , United States President : David Malpass