Financial and technical agreements on development cooperation have been signed on Sunday between the Bangladesh government and the Germany counterpart, says a press release.
Following the negotiations of the two governments ended last year, a total of EUR 339.54 million has been captured in these agreements with EUR 47.04 million for technical cooperation and EUR 292.5 million for financial cooperation.
Secretary of economic relations divisions Fatima Yasmin and the ambassador of the Germany HE Peter Fahrenholtz to Bangladesh signed the agreement on behalf of the two governments.
The signing ceremony was attended by the high officials from the German embassy in Dhaka, the German development bank KfW, the German technical cooperation agencies GIZ and BGR, as well as from the government of Bangladesh.
The cooperation under these agreements will take place in the areas of renewable energy and energy efficiency (EUR 237.5 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, (EUR 42.5 million EUR) and protection of biodiversity (EUR 5.04 million).
German – Bangladesh development cooperation has a long standing history in supporting infrastructure, health, poverty alleviation, good governance and human rights, energy efficiency and renewable energy and climate change adaptation.
The present 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," the German ambassador said.