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- Operations
- Second Line of Credit to Agrani Bank
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.