Germany to give 200m euro for multi-sectoral projects

Holiday Report
Germany is going to provide 200 million euros, or Tk 1,846.6 crore, to Bangladesh for implementing a number of development projects in different sectors, the Economic Relations Division (ERD) said in a press release.
Of the fund, 172 million euros will be provided as economic cooperation and 28 million euros as technical cooperation.
Two bilateral agreements were signed between the ERD and the embassy of Germany in Dhaka at the division’s office in Sher-e-Bangla Nagar on Tuesday last.
As per the agreements, projects in the renewable energy and energy efficiency area will receive 156 million euros, climate change adaptation in urban areas 26 million euros, the textile sector 7.5 million euros, water resource management 4.5 million euros, and the Sundarbans mangrove management plan 4 million euros.
Monowar Ahmed, secretary of the ERD, and Peter Fahrenholtz, ambassador of Germany to Bangladesh, signed the deals.
Germany has been providing economic and technical assistance for the development of Bangladesh since 1972. So far, it has provided more than 3 billion euros, according to the embassy.
German is helping Bangladesh in the areas of infrastructure development, health, poverty alleviation, good governance and human rights, energy efficiency and renewable energy, and climate change adaptation. It is also helping the government deal with Rohingya refugees and host communities in Cox’s Bazar district, the statement said.
The signing ceremony was also attended by senior officials from the German embassy, the German development bank KfW, German development agency GIZ, and the Federal Institute for Geosciences and Natural Resources of Germany.