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Germany to provide €191m for sustainable dev of Bangladesh

Staff Correspondent
03 Sep 2023 17:20:04 | Update: 04 Sep 2023 11:34:02
Germany to provide €191m for sustainable dev of Bangladesh

Two bilateral agreements on development cooperation were signed on Sunday between Bangladesh and Germany following up on the commitments of the last government negotiations in December 2022.

— Courtesy Photo

The total volume of the agreements is 191 million euros (about Tk 2,215 crore) of which 55 million euros will be available as Technical Cooperation (TC) and 136 million euro for Financial Cooperation (FC), read a press release.

Sharifa Khan, Secretary at the Economic Relations Divisions of Ministry of Finance of Bangladesh and Jan Janowski, Charg, d'Affaires of the Federal Republic of Germany in Bangladesh signed the agreements on behalf of the two governments.

The signing ceremony was attended by high officials from the Bangladesh government and the German Embassy in Dhaka as well as from officials and experts from the main implementing agencies within German Development Cooperation.

The projects focus on Green and Just Energy Transition, Sustainable Urban Development, Sustainable Supply Chains, Biodiversity and Women Empowerment as well as the support for Host and Displaced Communities in Cox's Bazar.

The projects under the technical cooperation agreement are policy Advisory for Promoting Energy Efficiency and Renewable Energy, up to 4 million euro, energy Efficiency and Grid Integration of Renewable Energy II, up to 2 million euro, advanced Vocational Training and Promotion of Employment for Female Textile Workers, up to 5 million euro), energy Efficiency for Sustainable Development, up to 7 million euro, professional Education in Industrial and Environmental Safety, up to 7 million euro, innovations for Climate-Smart Urban Development, up to 7 million euro, programme for Sustainability in the Textile and Leather Sector II, up to 5 million euro, vocational Training in the Field of Renewable Energy, up to 5 million euro, supporting the Localisation of National Climate Adaption Targets, up to 3 million euro, socio-Economic Support for Host and Displaced Communities in Cox's Bazar, up to 5 million euro and strengthening the National Network of Protected Areas in Bangladesh through Advancing Digital Technology, Citizen Science, Fostering Participation of Women and Youth Involvement and Enhancing Inter-Department Cooperation, up to 5 million euro.

The projects under the Financial Cooperation agreement are the Climate Change Adapted Urban Development Programme, Phase V, (UCRIP II), a total of up to 114.5 million euro (including a 100 million preferential loan) and Climate Change Adapted Urban Development, Phase VI, a total of up to 21.5 million euro.