Germany provides EUR 339.54 million technical and financial cooperation support (BDT 3463.3 crore) to Bangladesh for development projects in various sectors.
Financial and technical agreements on Development Cooperation have been signed on Sunday between the countries.
“Following the negotiations of the two governments at the end of last year, the available amount totaling EUR 339.54 million (approx. BDT 3463.3 crore) has been captured in these agreements with EUR47.04 million for Technical Cooperation and EUR 292.5million for Financial Cooperation,” the German embassy in Dhaka said.
Fatima Yasmin, Secretary, Economic Relations Divisions, Ministry of Finance of Bangladesh and Peter Fahrenholtz, Ambassador of Germany to Bangladesh, signed the agreement on behalf of the two governments.
The cooperation under this agreements will take place in the areas of Renewable Energy and Energy Efficiency (EUR237.5 million EUR), Sustainable Urban Development(EUR 30 million EUR), Good Governance (EUR 5.5 million), Displacement and Migration(EUR 19 million), Training and sustainable growth for decent jobs, (EUR42.5 million EUR) and Protection of Biodiversity (EUR 5.04 million).
The embassy said the agreement marks the continuation of “successful” bilateral cooperation that contributes to the Sustainable Development Goals.
“We are glad to continue our support for the Bangladeshi success story,” said the German Ambassador.
