AFD to provide Bangladesh $50m loan for energy sector
Staff Correspondent:A loan agreement was signed under which the French Development Agency (AFD), France would provide 50 million soft loans to Bangladesh for the ‘Energy efficiency, renewable energy, and Women Entrepreneurship’ linked projects.
Fatima Yasmin, secretary, Economic Relations Division, Ministry of Finance and Benoit CHASSATTE, AFD Country Director for Bangladesh signed the loan agreement on behalf of the respective sides, said a press release.
The project will contribute to the process of the economic transition of Bangladesh towards a greener economy.
It aims to increase the volume of investments in energy efficiency and renewable energy production in Bangladesh and the dissemination of such investments in those areas within the private sectors.
The loan will help to promote female entrepreneurship as well, the release said.
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