$500m fund to drive investment soon
Friday, 31 July 2015
Bangladesh Bank (BB) will soon launch two special funds totaling $500 million for promoting medium to long term investment in manufacturing units and green projects. The governor of the BB made the announcement Thursday while launching its monetary policy statement (MPS) for the six months at the central bank headquarters in the capital city. Of the total amount, $300 million fund would come from the World Bank (WB) to support medium to long term initiatives in the manufacturing sector. The second one is a BB-funded $200 million window for refinancing against medium term lending in foreign exchange to export oriented manufacturing units.—BSS