Bangladesh Bank will oversee creation of $500 million fund
World Bank and Bangladesh Bank putting up the money to finance longer-term projects
Bangladesh Bank will oversee the creation of a $500 million fund for supporting medium- and long-term projects in the coming fiscal year, it said last week – with a particular emphasis on environmentally responsible investments at lower interest rates.
The World Bank will contribute $300 million to the fund, which will be used for financing manufacturing projects. Bangladesh Bank will provide $200 million, specifically for "greening initiatives" in the textiles, apparels and leather sectors of
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