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IFC to give technical assistance for boosting expert-based growth

Summary

Updated on : 13-02-2018

International Finance Corporation (IFC), a member of the World Bank Group, will provide Bangladesh technical assistance to boost expert-based growth through enhancing its overall competiveness and efficiency. 

The commerce ministry and IFC inked an agreement “SectorCompetiveness-Efficiency Affairs Consultation” at a programme held at a city hotel here on Sunday.

Commerce secretary Shubhashish Bose and IFC's country manager for Bangladesh, Nepal and Bhutan Wendy Jo Werner signed the deal on their respective sides, said a media release here today. 

The programme is a part of Bangladesh Investment Climate Fund (BICF) and it has been designed for the development of the Bangladesh private sector through enhancing competitiveness-efficiency and expanding the connectivity. 

Senior officials of the commerce ministry, senior economist of the World Bank Group Dr Mashrur Reaz and Keith Thompson of the UK's Department for International Development (DFID) were present at the deal signing ceremony. 

Under the project, IFC will help the commerce ministry formulation of an export roadmap, extend investment cooperation and establish contact with global value chain for priority sectors, such as leather and leader products, electronics and plastic, which have potential for exports.

(Courtesy: Bangladesh Sangbad Sangstha )