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The OPEC Fund
for International
Development
  1. Operations
  2. Second Line of Credit to Agrani Bank

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Second Line of Credit to Agrani Bank

Bangladesh

Borrower Bangladesh
Financing Type Public Sector
Instrument Project Loan
Focus Area Financial
Approved 04.09.1990
Signed 16.07.1992
Status Cancelled
Loan Administrator OPEC Fund
Executing Agency Agrani Bank
Co-financiers Agrani Bank, Promoter
OPEC Fund Contribution (US$m) 5.00
Total Project Cost (US$m) 10.00

The project's aim is to support financially the Government's efforts to promote small scale industries (SSI) and it aims to: (i) achieve a greater level of industrialisation through SSI enterprises; (ii) generate new employment mainly in non-metropolitan areas and rural areas; (iii) promote self reliance through the use of local materials, local skills and indigenous technology; (iv) increase the production of consumer goods; (v) promote import substitution and export oriented industries; and (vi) reduce rural/urban unemployment and income gaps so as to prevent migration to the cities.

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