IFC to scale up support to SME, BBBF, RRC in Bangladesh
Tuesday, 14 October 2008
International Finance Corporation (IFC), the private sector arm of the World Bank group, has assured Bangladesh of scaling up its support to the small and medium enterprises (SMEs) and to the financial institutions engaged in SME lending, reports UNB
It would also provide required support to Bangladesh Better Business Forum (BBBF) and the Regulatory Reforms Commission (RRC) to improve investment climate for private sector development.
Finance Adviser Dr Mirza Azizul Islam, now attending the Annual World Bank-IMF meeting in Washington, urged IFC to scale up its collaboration with the country's private sector for the promotion of (SMEs).
IFC South Asian Regional Team, led by its vice president Farida Khambata, assured Finance Adviser Dr Mirza Azizul Islam of the support during a meeting on the sidelines of the IMF-World Bank Annual Meetings in Washington D.C. on Sunday.
The Adviser requested IFC to scale up their collaboration with the private sector for promotion of SMEs, according to a message received Monday.
In response, the IFC team apprised him of their plans to expand operations in Bangladesh in promoting the private sector and in managing the Bangladesh Investment Climate Facility Programme, financed by EU and DFID.
It would also provide required support to Bangladesh Better Business Forum (BBBF) and the Regulatory Reforms Commission (RRC) to improve investment climate for private sector development.
Finance Adviser Dr Mirza Azizul Islam, now attending the Annual World Bank-IMF meeting in Washington, urged IFC to scale up its collaboration with the country's private sector for the promotion of (SMEs).
IFC South Asian Regional Team, led by its vice president Farida Khambata, assured Finance Adviser Dr Mirza Azizul Islam of the support during a meeting on the sidelines of the IMF-World Bank Annual Meetings in Washington D.C. on Sunday.
The Adviser requested IFC to scale up their collaboration with the private sector for promotion of SMEs, according to a message received Monday.
In response, the IFC team apprised him of their plans to expand operations in Bangladesh in promoting the private sector and in managing the Bangladesh Investment Climate Facility Programme, financed by EU and DFID.