The Foreign Direct Investment Promotion Project (FDIPP) has disbursed over Tk 3.64 billion in the form of loans to 19 eligible end borrowers.
The project is supervised by the central bank. Funded by Japan International Cooperation Agency (JICA), the project aims to accelerate economic development of Bangladesh by promoting Japanese private sector investment.
This was disclosed at a dissemination seminar organised by the FDIPP implementation unit of Bangladesh Bank (BB) at the CIRDAP auditorium in the city on Sunday.
Deputy Governor of Bangladesh Bank Md Khurshid Alam, Executive Director Dr Md Kabir Ahmed, Project Director Mizanur Rahman Akon and representatives from different ministries, chambers, industries and banks attended the seminar.
Financial Institutions Division of the Ministry of Finance is the executing agency and Bangladesh Bank (FEID) is the implementing agency of the TSL (two step loan) component of the FDIPP.
The duration of the project is from February 2016 to March 2025.
saif.febd@gmail.com