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Dhaka signs $24.7-mn grant agreement with ILO to advance 'decent work'

14 Mar '24

1 min read

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The EU, Denmark, the Netherlands and Sweden are resource partners in a $24.70-million grant agreement Bangladesh signed with the ILO to advance decent work.
The aim is to ensure that polices and laws improve; labour market institutions are accountable, gender responsive and inclusive; and sustainable business practices contribute to industry competitiveness.

Bangladesh’s economic relations division (ERD) recently signed a grant agreement worth $24.70 million with the International Labour Organisation (ILO) to advance ‘decent work’ in the country. The European Union, Denmark, the Netherlands and Sweden are resource partners for the project.

The agreement titled will help implement a three-year project of the country’s ministry of labour and employment.

According to ILO, ‘decent work’ sums up the aspirations of people in their working lives. It involves opportunities for work that is productive and delivers a fair income, security in the workplace and social protection for all, better prospects for personal development and social integration, freedom for people to express their concerns, organise and participate in the decisions that affect their lives and equality of opportunity and treatment for all women and men.

The objective of the project is to ensure that more workers enjoy decent work through improved policies and laws; labour market institutions are accountable, gender responsive and inclusive; and sustainable business practices contribute to industry competitiveness, a domestic news agency reported.

Bangladesh became an active member of ILO in June 1972.

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