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Dhaka Tribune

Germany provides €191m for sustainable development of Bangladesh

  • €55 million for Technical Cooperation
  • €136 million for Financial Cooperation
Update : 03 Sep 2023, 06:19 PM

Two bilateral agreements on Development Cooperation were signed on Sunday between the governments of Bangladesh and Germany following up on the commitments of the last negotiations in December. 

The total volume of the agreements is €191 million (about Tk2,215 crore) of which €55 million will be available as Technical Cooperation (TC) and €136 million for Financial Cooperation (FC), the German embassy said.

Sharifa Khan, secretary, economic relations divisions, Ministry of Finance of Bangladesh and Jan Janowski, chargé d'affaires of the German embassy in Bangladesh signed the agreements on behalf of the two governments.

The signing ceremony was attended by high officials from Bangladesh and the German Embassy in Dhaka as well as from officials and experts from the main implementing agencies within German Development Cooperation, GIZ, for the technical cooperation and KfW for the financial cooperation.

The projects focus on Green and Just Energy Transition, Sustainable Urban Development, Sustainable Supply Chains, Biodiversity and Women Empowerment as well as the support for Host and Displaced Communities in Cox´s Bazar.

The projects under the Technical Cooperation agreement are:  

  1. Policy Advisory for Promoting Energy Efficiency and Renewable Energy, up to €4,000,000 (four million euro).
  2. Energy Efficiency and Grid Integration of Renewable Energy II, up to €2,000,000 (two million euro).
  3. Advanced Vocational Training and Promotion of Employment for Female Textile Workers, up to €5,000,000 (five million euro).
  4. Energy Efficiency for Sustainable Development, up to €7,000,000 (seven million euro).
  5. Professional Education in Industrial and Environmental Safety, up to €7,000,000 (seven million euro).
  6. Innovations for Climate-Smart Urban Development, up to €7,000,000 (seven million euro).
  7. Programme for Sustainability in the Textile and Leather Sector II, up to €5,000,000 (five million euro).
  8. Vocational Training in the Field of Renewable Energy, up to €5,000,000 (five million euro).
  9. Supporting the Localisation of National Climate Adaption Targets, up to €3,000,000 (three million euro).
  10. Socio-Economic Support for Host and Displaced Communities in Cox’s Bazar, up to €5,000,000 (five million euro).
  11. Strengthening the National Network of Protected Areas in Bangladesh through Advancing Digital Technology, Citizen Science, Fostering Participation of Women and Youth Involvement and Enhancing Inter-Department Cooperation, up to €5,000,000 (five million euro).

The projects under the Financial Cooperation agreement are:  

  1. Climate Change Adapted Urban Development Programme, Phase V, (UCRIP II), a total of up to €114.5 million euro (including 100 million preferential loan) 
  2. Climate Change Adapted Urban Development, Phase VI, a total of up to €21.5 million. 

Germany has been providing financial and technical assistance for the development of Bangladesh since 1972, which amounts today to over €3 billion. 

German – Bangladesh Development Cooperation has a long-standing history in supporting climate change adaptation and mitigation, infrastructure, poverty alleviation, good governance and human rights, energy efficiency and renewable energy transition, and recently also the Rohingya and host communities in Cox’s Bazar district.

The present agreements mark the continuation of successful bilateral cooperation and will contribute to achieving the SDGs and the Climate Goals of the Paris Agreement, the embassy said.

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