Germany commits to extend another grant of €191 mn to Bangladesh

11 Dec '22

1 min read

Pic: Shutterstock

Germany has committed to extend another grant of €191 million to Bangladesh at the latest round of bilateral development cooperation talks. With this, the amount now stands at €275.1 million since the last government-level negotiations, the German embassy in Dhaka said in a statement. Since 1972, the overall amount has reached more than €3.2 billion.

The two-day negotiations concluded on December 8. The two sides discussed issues like climate change and energy, training and skill development, biodiversity, human rights and good governance.

Barbara Schsfer, head of division for South Asia in the German ministry for economic cooperation and development (BMZ), welcomed Bangladesh's decision to give up plans to construct new coal-fired power plants and explore the possibilities of alternative sources for energy generation."

Germany has made commitments for mutual cooperation in renewable energy and energy efficiency, sustainable urban development, technical and vocational education and training, socially and environmentally sound supply chains, trade and sustainable infrastructure and biodiversity, according to Bangla media reports.

Fibre2Fashion News Desk (DS)

More Textiles News - Bangladesh...