SMART Blended Finance Program: Strengthening the MSME Ecosystem

LightCastle Analytics Wing
November 21, 2022
SMART Blended Finance Program: Strengthening the MSME Ecosystem

LightCastle Partners has recently completed a year-long SMART Blended Finance program for B-SkillFUL. Supported by the Embassy of Switzerland in Bangladesh and implemented by Swisscontact, the B-SkillFUL project aimed to improve the competitiveness of MSMEs across Light Engineering, Leather Goods, and Furniture Making.

Check out the key highlights, activities, and results of our work in this 1st of the four-part infographic series below.

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About B-SkillFUL

Every year, nearly two million workers enter the Bangladeshi labor force. They primarily settle in the informal sector due to a lack of relevant skills. The informal sector accounts for approximately 80% of job creation. However, workers and employers in the informal sector lack knowledge of legal and regulatory frameworks. They are also unaware of what decent work practices entail. As a result, workers in the informal sector face hazardous working conditions and exploitation.

Building Skills for Unemployed and Underemployed Labor (B-SkillFUL) aims to improve the well-being of poor and disadvantaged men and women by increasing their access to the labor market and income while protecting their basic labor rights.

WRITTEN BY: LightCastle Analytics Wing

At LightCastle, we take a data-driven approach to create opportunities for growth and impact. We consult and collaborate with development partners, the public sector, and private organizations to promote inclusive economic growth that positively changes the lives of people at scale. Being a data-driven and transparent organization, we believe in democratizing knowledge and information among the stakeholders of the economy to drive inclusive growth.

For further clarifications, contact here: [email protected]

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