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Kamal seeks easy loans from IFC to develop private sector

Finance Minister AHM Mustafa Kamal

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Finance Minister AHM Mustafa Kamal

Finance Minister AHM Mustafa Kamal has urged the International Finance Corporation (IFC) to provide easy loans for private sector development in Bangladesh.

The minister also urged the member of the World Bank Group to provide loans to Bangladesh on easy terms in the area of ​​onshore bonds and public-private partnership (PPP).

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He made the call today during a virtual meeting between a delegation from Bangladesh and the IFC on the sidelines of the 2021 Annual Meetings of the World Bank Group and the International Monetary Fund.

Kamal commended IFC for issuing Bangla Bonds on the London Stock Exchange in 2019 and requested technology assistance through PPP initiatives to attract more foreign investment to help Bangladesh become a fast-growing country. middle income in 2031 and a developed country in 2041.

Mohammad Shafiul Alam, Alternate Executive Director of the World Bank Group; Abdur Rouf Talukder, Principal Secretary of the Finance Ministry’s Finance Division, and Fatima Yasmin, Secretary of the Economic Relations Division, also attended the meeting.