BB, IFC signs deal for development of women SME entrepreneurs

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Economic Reporter :
The Bangladesh Bank (BB) and International Finance Corporation (IFC) have signed a cooperation agreement for the development of women 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 BB headquarters on Wednesday.
The women entrepreneurs will be given technical assistance to develop credit guarantee scheme for SME under the project “Catalysing access to finance for women SME entrepreneurs in Bangladesh”.
The BB Deputy Governor SK Sur Chowdhury and World Bank Practice Manager Neeraj Verma, among the others, were presented at the programme.
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 program related to credit guarantee schemes for women entrepreneurs will also be conducted through the project, he added.
While addressing the programme, Werner thanked Bangladesh Bank for taking different initiatives to promote vulnerable women segment.
He also reassured the bank to work together for the development of women entrepreneurs.
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