The Bangladesh Bank and the International Finance Corporation (IFC) have signed a cooperation agreement for the development of female small and medium enterprise (SME) entrepreneurs in Bangladesh.
Bangladesh Bank Joint Director Nawshad Mustafa and IFC Country Director Wendy J Werner signed the cooperation agreement at the central bank headquarters on Wednesday.
The female entrepreneurs will be given technical assistance to develop a credit guarantee scheme for SME under the project "Catalysing access to finance for women SME entrepreneurs in Bangladesh.”
The Bangladesh Bank Deputy Governor SK Sur Chowdhury and World Bank Practice Manager Neeraj Verma were present at the programme, among others.
Addressing the event, SK Sur said: “The proposed project is basically designed to provide technical assistance to SME and Special Programs Department (SPD) in order to develop a credit guarantee scheme for women entrepreneurs. The employees of SME and SPD will also get training.”
Awareness creation programme related to credit guarantee schemes for female entrepreneurs will also be conducted through the project, he added.
Speaking at the programme, Werner thanked the Bangladesh Bank for taking different initiatives for the development of vulnerable women and reassured that the IFC would work with the central bank for the development of female entrepreneurs.