Published:  12:23 AM, 10 August 2017

BB, IFC agree to finance women entrepreneurs

BB joint director of SME and SPD Nawshad Mustafa and IFC country director Wendy J Werner signed the agreement on behalf of their respective sides in the city yesterday. -AA

Bangladesh Bank and International Finance Corporation on Wednes-day signed a cooperation agreement for a project titled "Catalyzing Access to Finance for Women SME Entrepreneurs in Bangladesh."

BB joint director of small and medium enterprise (SME) and special programs department (SPD) Nawshad Mustafa and IFC country director to Bangladesh Wendy J Werner signed the agreement on behalf of their respective sides, said a press release yesterday.

Deputy Governor of Bangladesh Bank Shitangshu Kumar Sur Chowdhury graced the ceremony as chief guest while practice manager of World Bank Neeraj Verma was present as special guest. Among others, Douglas Pearce, country manager of IFC Wendy J Werner and high officials of WB, IFC and SME and SPD were also present in the event.

Speaking about the activities taken of Bangladesh Bank for the development of women entrepreneurs, chief guest Shitangshu Kumar Sur Chowdhury highlighted many key feathers of the project and wished it a grand success. The proposed project is basically designed to provide technical assistance to SME and SPD in order to develop a credit guarantee scheme for women entrepreneurs of Bangladesh.

Besides, employees of SME and SPD will get training in order to increase their capacity building. Awareness creation program related to credit guarantee schemes for women entrepreneurs will also be conducted though the project.

At the beginning Shaikh Md Salim addressed about the activities of Bangladesh Bank with respect to boost up SME sector and its contribution in national GDP and also thanked the development partners for their cooperation in the SME sector of Bangladesh.

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