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Germany to provide 200m Euro for development projects

Published: July 30, 2019 19:31:07 | Updated: August 01, 2019 10:20:46


Bangladesh and Germany on Tuesday signed two bilateral agreements on development cooperation with German assistance worth 200 million Euro (approximately Tk 18.47 billion) for various development projects.

Of the total volume of the agreements, 172 million EUR will be available as financial cooperation and 28 million Euro for technical cooperation, reports UNB.

Secretary, Economic Relations Divisions, Ministry of Finance Monowar Ahmed and German Ambassador to Bangladesh Peter Fahrenholtz signed the agreements on behalf of the two governments.

The signing ceremony was attended by high officials from the German Embassy in Dhaka, the German Development Bank KfW and the German technical cooperation agencies GIZ and BGR, as well as from the government of Bangladesh.

The projects under the agreements will support Bangladesh in the following areas -- renewable energy and energy efficiency, climate change adaptation in urban areas, textile sector, water resource management, Sundarbans mangrove management plan with study and expert fund of 2 million Euro.

Germany has been providing financial and technical assistance for the development of Bangladesh since 1972, which amounts today to a total of over 3 billion EUR, according to the German Embassy in Dhaka.

German – Bangladesh Development Cooperation has a long standing history in supporting infrastructure, health, poverty alleviation, good governance and human rights, energy efficiency and renewable energy, climate change adaptation, and recently also the Rohingya and host communities in Cox’s Bazar district, it said.

The present agreements mark the continuation of successful bilateral cooperation and will contribute towards achieving the SDGs, said the Embassy.

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