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Microfinance an important part of Bangladesh's development journey: IFC

Martin Holtmann, IFC's country manager for Bangladesh, Bhutan, and Nepal, has said that microfinance has been an important part of Bangladesh's development journey. "As our economy transitions from Least Developed Country (LDC) status to the next level, the Microfinance industry can continue to play a crucial role," Martin said. He said this is the right time for all ....

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Pran gets $30m from IFC amid dollar shortage

According to the IFC, the food and beverage sector, a key pillar of Bangladesh's economy, accounts for around 13 percent of the manufacturing production in value and employs 19 percent of the industrial workforce with a projected compound annual growth rate of 12 percent. ....

Uzma Chowdhury , Martin Holtmann , Habiganj Agro Ltd , Pran Dairy Ltd , Pran Group , World Bank Group , International Finance Corporation ,

IFC provides $30m in loans to PRAN Group amid dollar shortage

IFC is providing $30 million in Pran Dairy Ltd (PDL) and Habiganj Agro Ltd (HAL), concerns of PRAN Group, to support their businesses severely impacted by the shortage of US dollars in Bangladesh ....

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