Textile

Germany provides $190.43 mn to Bangladesh for development projects

01 Dec '24
1 min read
Germany provides $190.43 mn to Bangladesh for development projects
Pic: Adobe Stock

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Bangladesh and Germany recently signed financial and technical agreements on development cooperation worth €180.807 million ($190.43 million).

Technical cooperation will be worth €45.8 million and financial cooperation will amount to up to €135 million, an official release said.

The cooperation under these agreements will take place in the areas of renewable energy and energy efficiency (up to €50.5 million), sustainable urban development (up to €95.5 million), technical and vocational education and training (up to €5 million), socially and environmentally sound supply chains, trade and infrastructure (€12 million), protection of biodiversity (up to €6.0 million) and for a project on combating domestic violence against women and children (up to €7.0 million).

Germany has been providing financial and technical assistance for the development of Bangladesh since 1972, which amounts today to a total of over €3.5 billion.

Fibre2Fashion News Desk (DS)