France to give €150m to help deal with Covid-19 impacts
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Thursday
August 11, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
THURSDAY, AUGUST 11, 2022
France to give €150m to help deal with Covid-19 impacts

Foreign Aid

TBS Report
03 February, 2021, 09:10 pm
Last modified: 03 February, 2021, 09:18 pm

Related News

  • France battles 'monster' wildfire near Bordeaux for third day
  • Wildfires rage in southwestern France amid new heatwave
  • France orders air-conditioned shops to save energy by shutting doors
  • Germany's Schaeuble calls on Berlin to help fund French nukes
  • France to pay $10B to take full control of EDF

France to give €150m to help deal with Covid-19 impacts

A credit facility agreement (CFA) was signed on Tuesday in the capital between the government and the Agence Française de Développement (AFD).

TBS Report
03 February, 2021, 09:10 pm
Last modified: 03 February, 2021, 09:18 pm
Representational image. Picture: Collected
Representational image. Picture: Collected

France will provide Bangladesh with €150 million in loan, equivalent to nearly Tk1,530 crore, to help households and individuals deal with social and economic consequences of Covid-19.

A credit facility agreement (CFA) was signed on Tuesday in the capital between the government and the Agence Française de Développement (AFD).

The public financial institution in France will disburse the fund through the "Cash Transfer Modernisation (Adaptive Social Protection) projects" implemented by the Ministry of Social Welfare.

As per the deal, the credit will be provided at an interest rate of Euribor 6 month plus 0.51%, with a repayment period of 20 years and a grace period of seven years.

This fund would constitute a proposed restructuring and additional financing of the ongoing World Bank supported Cash Transfer Modernisation project.

The AFD is a bilateral development agency extending support on behalf of the French government.

It has been operating in Bangladesh since 2012 and supporting development projects for urban infrastructures, power and green energy and corporate and social responsibility. 

The agency provides concessional sovereign loans and mobilises grants under the regional blending facility of the European Union. It has a portfolio of €589.3 million in Bangladesh, of which the amount of grant is €7.3 million.

 

 

 

Economy / Top News

France / Credit facility agreement / Agence Française de Développement / Laon

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Default loans jump Tk22,000cr in six months
    Default loans jump Tk22,000cr in six months
  • File Photo: Mohammad Minhaj Uddin/TBS
    ICDs hike imports handling charge by 35%
  • A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, US on 10 June 2022. REUTERS/Andrew Kelly
    Is global inflation nearing a peak?

MOST VIEWED

  • Producing Covid-19 vaccines gets boost with promise of ADB help
    Producing Covid-19 vaccines gets boost with promise of ADB help
  • Bangladesh receives $500m from World Bank to buy Covid-19 vaccine
    Bangladesh receives $500m from World Bank to buy Covid-19 vaccine
  • Covid help fund was there. Only we did not use them
    Covid help fund was there. Only we did not use them
  • Dutch development bank FMO invests $50m in Brac
  • Photo: Collected.
    Bangladesh largest Japanese ODA loan recipient country in Japan’s FY2020
  • Photo of World Bank. Photo: Collected
    WB to give $200m for safe water, sanitation

Related News

  • France battles 'monster' wildfire near Bordeaux for third day
  • Wildfires rage in southwestern France amid new heatwave
  • France orders air-conditioned shops to save energy by shutting doors
  • Germany's Schaeuble calls on Berlin to help fund French nukes
  • France to pay $10B to take full control of EDF

Features

Bye bye! Photographer: Michael Zarrilli/Getty Images North America via Bloomberg

Three major takeaways from the FBI search on Trump’s home

9h | Panorama
Photo: Noor A Alam/TBS

Big dreams in small rooms: The aspiring nurses of Geneva Camp

11h | Panorama
Illustration: TBS

How to deal with toxic people at work

12h | Pursuit
Women were more likely to report leaving the workforce between March 2020 and September 2021 than their male counterparts. PHOTO: BLOOMBERG

Being single and smart is bad for your career if you are a woman

12h | Pursuit

More Videos from TBS

Control on liquor import boosts local Carew sales

Control on liquor import boosts local Carew sales

1h | Videos
Is Bangladesh losing opportunity to sent more expats to the Middle East?

Is Bangladesh losing opportunity to sent more expats to the Middle East?

2h | Videos
When hassles at airport will come to an end?

When hassles at airport will come to an end?

4h | Videos
How to spot a Pyramid Scheme?

How to spot a Pyramid Scheme?

5h | Videos

Most Read

1
Dollar crisis: BB orders removal of 6 banks’ treasury chiefs 
Banking

Dollar crisis: BB orders removal of 6 banks’ treasury chiefs 

2
Diesel price hiked by Tk34 per litre, Octane by Tk46
Energy

Diesel price hiked by Tk34 per litre, Octane by Tk46

3
Photo: Collected
Transport

Will Tokyo’s traffic model solve Dhaka’s gridlocks?

4
Infographic: TBS
Banking

Dollar rate will be left to market after two months: Governor

5
Arrest warrant against Habib Group chairman, 4 others 
Crime

Arrest warrant against Habib Group chairman, 4 others 

6
File Photo: State Minister for Power, Energy and Mineral Resources Nasrul Hamid
Energy

All factories to remain closed once a week under rationing system

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]