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
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.
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