August 9, 2017, 8:06 pm
Bangladesh Bank on Wednesday signed a cooperation agreement with International Finance Corporation (IFC) for the implementation of its project "Catalyzing Access to Finance for Women SME Entrepreneurs in Bangladesh".
The proposed project is basically designed to provide technical assistance to small and medium enterprises (SME) & special programmes department (SPD) of the central bank in order to develop a credit guarantee scheme for the country's women entrepreneurs.
Besides, employees of SME & SPD will get training in order to increase their capacity building. Awareness creation programme related to credit guarantee schemes for women entrepreneurs will also be conducted under the project.
Bangladesh Bank deputy governor Shitangshu Kumar Sur Chowdhury, Practice Manager of World Bank Neeraj Verma, IFC Country Manager Wendy J Werner Besides and top officials of WB, IFC and SME & SPD were present at the signing ceremony.
In his welcome speech at the beginning, General Manager of SME & SPD of the central bank Shaikh Md Salim thanked the development partners for their cooperation in the SME sector of Bangladesh.
World Bank representatives highly appreciated the upbeat growth of SME sector of Bangladesh and expressed their desire to work together in future in this regard.
The IFC country director thanked Bangladesh Bank for taking different initiatives to promote vulnerable women segment and she reassured that they will work together for the development of women entrepreneurs.