A business promotion delegation of the Islamic Development Bank (IDB) has agreed to finance projects in Bangladesh's high potential but cash-strapped small- and medium-sized enterprises (SMEs) sector.
The IDB delegation, on a five-day visit to find suitable projects to fund, told local business leaders that the Bank was ready to fund any potential sectors, including power and textiles, to achieve mutual benefits.
“We are willing to fund any potential sector in Bangladesh, directly or through syndication, after assessing project proposals,” Nabil A. Nassief, advisor in charge of IDB's asset development department, said at a function at Federation of Bangladesh Chambers of Commerce and Industries (FBCCI).
