Finance
Bangladesh-Germany Germany will provide €191m for sustainable development of Bangladesh
Dhaka, Sept 4: Germany will provide 191 million euros to Bangladesh in the form of technical cooperation and financial cooperation for sustainable development projects and women's empowerment.
In this regard, two bilateral agreements on development cooperation were signed today between the Governments of Bangladesh and Germany following the commitment of the last government talks in December 2022.
The total amount of the contract is 191 million Euros (about Tk 2,215 crore) of which 55 million Euros will be available as technical assistance and 136 million Euros as financial assistance.
Sharifa Khan, Secretary, Department of Economic Relations and Jan Janowski, Charg, d'Affaires a.i. of the Federal Republic of Germany in Bangladesh, signed the agreement on behalf of the two governments.
Projects focus on green and just energy transition, sustainable urban development, sustainable supply chains, biodiversity and women's empowerment as well as support for host and displaced communities in Cox's Bazar.
Germany has been providing financial and technical assistance to the development of Bangladesh since 1972, amounting to more than 3 billion Euros today.
German-Bangladesh development cooperation has a long history in climate change adaptation and mitigation, infrastructure, poverty alleviation, good governance and human rights, energy efficiency and renewable energy transition, and more recently in support of Rohingya and refugee communities in Cox's Bazar district.
The current agreements mark the continuation of successful bilateral cooperation and will contribute to achieving the SDGs and climate goals of the Paris Agreement.
