BB, IFC teamup to support female SME entrepreneurs

Wendy J Werner, Country Director of International Finance Corporation (IFC), a wing of the World Bank Group and Nawshad Mustafa, Joint Director of Bangladesh Bank exchanging an agreement signing documents at the bank's head office in the city recently. U
Wendy J Werner, Country Director of International Finance Corporation (IFC), a wing of the World Bank Group and Nawshad Mustafa, Joint Director of Bangladesh Bank exchanging an agreement signing documents at the bank's head office in the city recently. U
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Business Report :
Bangladesh Bank has signed an agreement with International Finance Corporation (IFC), a wing of the World Bank Group, for the development of women SME entrepreneurs, says a press release.
IFC will provide technical assistance to develop credit guarantee scheme for women entrepreneurs under the project, “Catalysing access to finance for women SME entrepreneurs in Bangladesh”.
The proposed project is basically designed to provide technical assistance to small and medium enterprises (SMEs) and special programmes development department of the central bank to develop credit guarantee schemes, said a Bangladesh Bank statement recently.
Besides, employees of the department will get training for their capacity building, according to the statement.
Programmes to create awareness on the credit guarantee schemes will also be conducted for women entrepreneurs under the project.
SK Sur Chowdhury, deputy governor of Bangladesh Bank, and Neeraj Verma, practice manager of World Bank, attended the meeting.
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