Two agreements were signed between Bangladesh’s economic relations secretary Monowar Ahmed and German ambassador to Bangladesh Peter Fahrenholtz recently for provision of €200 million by Germany to Bangladesh for development projects. An amount of €172 million will be available as financial cooperation and €28 million for technical cooperation.
Projects for renewable energy and energy efficiency will receive €156 million out of which €89.5 million will support renewable energy. Projects for climate change adaptation in urban areas will receive €26 million and those for textile sector will get € 7.5 million, according to Bangla media reports.
Germany has been offering financial and technical assistance for the development of Bangladesh since 1972, which amounts today to a total of over €3 billion, according to the embassy here in Dhaka.
Source: fibre2fashion
