French government will continue promoting climate resilient development of Bangladesh through Agence Francaise de Developpement (AFD) with an improved access to soft financing, technical expertise, and cooperation with French partners, said French Ambassador to Bangladesh Jean-Marin Schuh on Wednesday.
French Ambassador to Bangladesh Jean-Marin Schuh emphasised the commitment of their government with an improved
access to soft financing, technical expertise, and cooperation with French partners.
“France, through AFD, is committed to supporting Bangladesh in achieving its development goals,” said the French envoy while addressing a loan agreement signing ceremony at the Economic Relations Division (ERD) in the city. Ambassador Schuh said, AFD is new in the donors’ landscape of Bangladesh since it started its journey in Bangladesh in 2013 with a mandate to promote green and inclusive growth.
He said, AFD-funded projects are 100 percent Paris Agreement compliant and generate at least 60 percent climate ‘co-benefice’.
Bangladesh signed a 30-million Euro (MEUR) loan agreement with AFD related to the additional financing of the power supply expansion and efficiency improvement investment programme implemented by Dhaka Power Distribution Company (DPDC).
This is an extension of the initial 100 MEUR financing provided to the DPDC to construct and modernise 14 electrical substations and the associated power lines for distribution network. French Ambassador Schuh and Regional Director for South Asia Jacky Amprou signed the credit facility agreement on behalf of the AFD while Economic Relations Division (ERD) Secretary Monowar Ahmad represented the government of Bangladesh at the signing ceremony held at the ERD.
