Development cooperation accord with Germany inked

Development cooperation accord with Germany inked
Author / Source : UNB

Dhaka, Dec 19:  Iqbql Mahmood, secretary, Economic Relations Division, Ministry of Finance and Holger Michael, ambassador of  Germany signed an agreement on Sunday between the two governments on projects as well as programmes of financial and technical cooperation. The agreement has an overall financial volume of approximately Tk 632 crore (60.8 million Euro). The funds will mainly be used for programmes and projects in the field of rural and urban governance, including infrastructure improvement measures, for the health sector and for projects to increase energy efficiency and the use of renewable energy.

In addition to these funds Germany has made available an amount of approximately Tk 182 crore (17.6 million Euro) in 2011 for projects to help conserve, maintain and rehabilitate ecosystems such as wetlands and in the field of biodiversity and protection of coastal forests.

“The long lasting friendly relations between Germany and Bangladesh, which have been underlined by the recent visit of the Federal German President to Bangladesh, form a strong foundation on which our development cooperation is built,” they observed.

The Ambassador stressed that Germany is determined to provide further assistance to Bangladesh; Bangladesh continues to be a priority partner country for development cooperation.


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