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Kamal urges IFC to support pvt sector

BSS . Dhaka
19 Oct 2021 00:00:00 | Update: 19 Oct 2021 01:22:54
Kamal urges IFC to support pvt sector

Finance Minister AHM Mustafa Kamal on Monday urged the International Finance Corporation to support private sector development in Bangladesh through extending soft-term loans in sectors like onshore Taka bond and Public Private Partnership initiative.

Kamal also called upon the IFC to extend necessary technical assistance to attract more investment through PPP as Bangladesh aspires to become a middle-income country by 2031 and a developed country by 2041.

The finance minister made the call at a virtual meeting between Bangladesh delegation and the IFC delegation on the sidelines of the World Bank IMF Annual Meetings 2021.

Kamal led the Bangladesh delegation while IFC managing director Makhter Diop led the IFC delegation.

Alternate executive director of Bangladesh to the World Bank Mohammad Shafiul Alam, Finance Division Senior Secretary Abdur Rouf Talukder, ERD Secretary Fatima Yasmin and other high officials of the government and the Bangladesh Bank attended the meeting, among others, said a Finance Ministry press release.

During the meeting, Kamal sought increased investment from IFC into the private sector of Bangladesh. In response, the IFC delegation assured the Finance Minister of strengthening further their relationship with Bangladesh.

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