PRIVATE SEC IND'L CR

closed

The project, implemented over a period of 5 years, furthers financial sector reforms initiated by the Government of Bangladesh with the support of the Financial Sector Credit (FSC) while financing private investments in productive activities. First, conditions of loan and subloan pricing permit more rational decision-making by lenders and subborrowers. Second, the project expands term lending facilities in Taka, offering fixed and variable rate subloans, and introduces US dollar-denominated term lending, providing a line of credit equivalent to US$25 million. Third, it supports private sector development through subloans for industrial investments. Furthermore, the project includes technical assistance for the development and application of environmental guidelines and standards for industry.