In a significant move towards enhancing financial inclusion and fostering a smart nation, the United States Agency for International Development (USAID) and Visa have inked a Memorandum of Understanding (MoU) in Bangladesh. This partnership aims to digitize payments and extend financial services to underserved communities.
City Bank has recently sealed a substantial deal with the OPEC Fund for International Development, securing a US$30 million loan to enhance international trade dynamics in Bangladesh. This financial injection aims to bolster the operations of import and export enterprises, particularly those in Bangladesh’s agriculture and green energy sectors.
In a significant move to bolster Bangladesh’s cottage, micro, small, and medium enterprises (CMSMEs), IPDC Finance has joined hands with the SME Foundation to roll out the third phase of the revolving fund loan disbursement program. This initiative is set to provide an additional Tk450 crore in loans, forming a crucial part of the prime minister’s stimulus package aimed at mitigating the economic impacts of the Covid-19 pandemic on CMSMEs.
Korea will extend a $100 million loan to Bangladesh as part of the “Second Strengthening Social Resilience Programme, Sub-programme-1.” The loan agreement was formalized today in a signing ceremony between the Bangladesh government and the Korea Exim Bank, according to an official press release.
The United Nations in Bangladesh has initiated a significant expansion of emergency relief efforts in areas devastated by Cyclone Remal, buoyed by a recent allocation of US$ 7.5 million from the Central Emergency Response Fund (CERF) on June 3, 2024. Cyclone Remal made landfall on May 26, wreaking havoc across several districts including Khulna, Barguna, Patuakhali, Satkhira, Bagerhat, Bhola, and Pirojpur. The CERF funding aims to aid approximately 650,000 people in these severely affected regions.
The World Bank’s Board of Executive Directors has approved $900 million to support Bangladesh in strengthening its fiscal and financial sector policies and improving urban infrastructure for sustainable and climate-resilient growth.
The government has announced ambitious plans to transition all its services to a completely paperless format as part of the broader “Smart Bangladesh by 2041” vision. This initiative aims to leverage frontier technologies to transform governance and promote sustainable development.
Prime Bank PLC and the British Asian Trust, together with Sajida Foundation, formalized a partnership on Wednesday at Prime Bank’s Gulshan corporate office by signing a MoU.
The Asian Development Bank (ADB) and the Government of Bangladesh have forged a significant partnership with a $250 million loan agreement aimed at strengthening Bangladesh’s social protection system. Signed on Monday at the Economic Relations Division (ERD) in the capital, Dhaka, the agreement was formalized by Md Shahriar Kader Siddiky, Secretary of ERD, and Edimon Ginting, ADB’s Country Director.
The Economic Relations Division (ERD) of Bangladesh has teamed up with the United Nations Population Fund (UNFPA) in a proactive CSR endeavor to tackle gender-based violence (GBV) through two transformative projects. The signing ceremony, attended by ERD Secretary Md. Shahriar Kader Siddiky and UNFPA Country Representative Kristine Blokhus, marked a significant step towards promoting social equity and sustainable development.
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