ZCZC
BSS-31
GERMANY-ASSISTANCE-AGREEMENTS
Germany to provide 200m Euro to Bangladesh 6 projects
DHAKA, July 30, 2019 (BSS) – Germany will provide 200 million Euro
(approximately Taka 1,846.6 crore) to Bangladesh for implementing projects in
six different sectors, including renewable energy and energy efficiency,
climate change and water resource management.
Of the total amount, 172 million Euro will be provided as financial
cooperation for implementing projects on renewable energy and energy
efficiency, climate change adaptation, textile and education-research, water
resource management while 28 million Euro will be provided as technical
cooperation.
In this regard, two bilateral agreements were signed today between
Bangladesh and Germany at the Economic Relations Division (ERD) in the
capital’s Sher-e-Bangla Nagar area.
ERD Secretary Monowar Ahmed and German Ambassador to Bangladesh Peter
Fahrenholtz signed the agreements on behalf of their respective governments.
Out of the amount, 156 million Euro will be spent on renewable energy
and energy efficiency while 26 million Euro to be provided to Climate change-
adapted development programme in urban areas, 7.5 million Euro in textile
sector, 4.5 million Euro in water resources management in Dhaka, 4 million
Euro for Sundarbans mangrove management plan and 2 million Euro in study and
expert fund.
After signing of the agreements, ERD Secretary Monowar Ahmed said the
German government is providing loan and grant assistance in various projects
under these six important sectors.
Mentioning these projects as important, Peter Fahrenholtz said, “We have
a lot of investment in the garment sector of Bangladesh. This sector needs to
be taken forward further. Sundarbans, one of the world’s mangrove forests,
must also be protected. There is no alternative to renewable energy to
protect the environment and nature of Bangladesh.”
Apart from this, the German government has always been providing
assistance to Bangladesh to boost knowledge and skills, he added.
Germany has been providing financial and technical assistance to
Bangladesh since 1972, which amounts today to a total of over 3 billion Euro,
according to ERD and German embassy.
German-Bangladesh Development Cooperation has a long-standing history in
supporting infrastructure, health, poverty alleviation, good governance and
human rights, energy efficiency and renewable energy, climate change
adaptation, and recently also to the Rohingya and host communities in Cox’s
Bazar district.
These agreements mark the continuation of successful bilateral
cooperation and will contribute to achieving the SDGs.
BSS/ASG/GM/RY/1750 hrs