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Berlin to offer €200 mn to Dhaka for development projects

04
Aug '19
Pic: Shutterstock
Pic: Shutterstock
Two agreements were signed between Bangladesh’s economic relations secretary Monowar Ahmed and German ambassador to Bangladesh Peter Fahrenholtz recently for provision of €200 million by Germany to Bangladesh for development projects. An amount of €172 million will be available as financial cooperation and €28 million for technical cooperation.

Projects for renewable energy and energy efficiency will receive €156 million out of which €89.5 million will support renewable energy. Projects for climate change adaptation in urban areas will receive €26 million and those for textile sector will get € 7.5 million, according to Bangla media reports.

Germany has been offering financial and technical assistance for the development of Bangladesh since 1972, which amounts today to a total of over €3 billion, according to the embassy here in Dhaka. (DS)

Fibre2Fashion News Desk – India


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