Eastern Bank PLC (EBL) announces a landmark collaboration with the International Finance Corporation (IFC) on Strategic Risk Management Improvement Project. The agreement solidifies the commitment of both organisations to elevate risk management practices in the financial sector. Ali Reza Iftekhar, EBL Managing Director and CEO and Martin Holtmann, IFC Country
Tag: IFC
Prime Bank receives $50m from IFC to support trade, forex liquidity needs in Bangladesh
To support export and import-based businesses in coping with global uncertainties induced by the Covid-19 pandemic, International Finance Corporation (IFC) is providing $50 million to Prime Bank Limited in Bangladesh. This IFC funding will support working capital, trade finance, and foreign exchange liquidity needs of export and import based entities borrowing
IFC giving $32.5m to ensure food security
To improve food security in Bangladesh at a time of rising commodity prices amid a global shortfall of staple crops, the International Finance Corporation (IFC) is providing $32.5 million loan to Singapore-based agricultural commodity-trading company Agrocorp International Pte Ltd, which is a leading supplier of wheat and pulses to Bangladesh.
DBH signs project services deal with IFC
DBH Finance PLC. (DBH) has recently signed a project services agreement with International Finance Corporation (IFC), a press release said Tuesday. Martin Holtman, country manager of IFC for Bangladesh, Bhutan & Nepal and Nasimul Baten, MD & CEO of DBH Finance signed the agreement on behalf of their organizations. In
Ensure flow of common rivers, avert disaster: Farakka Committee
International Farakka Committee (IFC) in a statement on Sunday urged the concerned governments to ensure an uninterrupted flow of waters from all common rivers in the region. It said the flow of all common rivers is a must to avert any imminent environmental disaster. The statement said the signing of a Memorandum
UCB gets global IFC SME Finance Award
Implement Teesta management master plan: IFC
International Farakka Committee on Saturday demanded the implementation of the Teesta Master Plan to protect three crore people living in its basin in Bangladesh from heavy flood and river banks erosion. Atiqur Rahman Salu, chairman of IFC, voiced the demand in an opinion exchange meeting at the Abdus Salam Hall of
BGMEA urges IFC to provide soft loans for garment and textile sector
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has called upon the International Finance Corporation (IFC) to support Bangladesh’s RMG industry with soft finance especially for the development of backward linkage industries, capacity building in manufacturing value-added non-cotton products and technological upgradation. The request was made when newly appointed IFC’s Country
IFC, Denmark, Netherlands, PUMA, BGEMA renew efforts to decarbonize countrys’ RMG sector
Embassy of Denmark in Bangladesh, Embassy of the Kingdom of the Netherlands in Bangladesh and PUMA are renewing their commitment for IFC’s Partnership for Cleaner Textile (PaCT II) program to support decarbonization of the readymade garments (RMG) sector in Bangladesh. Countrys’ RMG sector, now the second largest in the world, needs
BGMEA asks IFC to finance SMEs in sustainability
BGMEA President Faruque Hassan and Vice President Miran Ali attended a meeting of the International Finance Corporation (IFC) held at IFC headquarters in Washington D.C. on Thursday. Alfonso Garcia Mora, Regional Vice President for Asia and Pacific; Sabine Schlorke, Global Head, Manufacturing and Portfolio; and Tania Lozansky, Senior Manager of Advisory