Germany provides Tk 1846 crore for dev

Germany would provide Tk 1846.6 crore (200 million EUR) to Bangladesh for giving support to the ongoing development in six sectors. The six sectors are---renewable energy and energy efficiency, climate change adaptation in urban areas, textile sector, study and expert fund, water management for Dhaka and Sundarban mangrove management plan.

Out of Tk 200 million EUR, 172 million EUR will be provided as loan with small interest and 28 million EUR would be given as aid. In this regard, Bangladesh and Germany on Tuesday signed two bilateral agreements for the development corporation held Nationa Economic Council (NEC) auditorium in the city’s Agargoan area.

Secretary of Economic Relations Division (ERD) Monowar Ahmed and German ambassador to Bangladesh Peter Fahrenholtz have signed agreements on behalf of their respective countries. According to the agreements, 156 million EUR will provide in renewable energy and energy efficiency, 26 million EUR in climate change adaptation in urban areas, 7.5 million EUR for textile sector, 4.5 million EUR for water resource management of Dhaka, 4 million EUR for Sundarban mangrove management plan and 2 million EUR for study and expert fund.

The ERD secretary Monowar Ahmed said “We always ensure the quality of works in the projects. We will also keep alert for not holding any kind of irregularities doing these works.” German has been working long time with Bangladesh, he said, hoping that Germany would work with us in future. Peter Fahrenholtz said, “We have long time relation with Bangladesh. Many students of Bangladesh are studying and many are working in Germany. Besides we have huge investment in textile sector. We want to make strong the economy of Bangladesh and also protect the environment of the country.” Among other, senior officials of ERD and German Embassy were present at the signing ceremony.