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LOANS & CREDITS June 19, 2020

Bangladesh: Private Investment and Digital Entrepreneurship Project

WASHINGTON, June 19, 2020- The World Bank’s Board of Executive Directors today approved financing for the following project:

Private Investment and Digital Entrepreneurship (PRIDE) Project

IDA: $500 million (Scale Up Facility)

Project ID: P170688

Non-concessional terms:

Maturity:
34 years   Grace Period: 4 years

Project Description: The project aims to promote private investment, job creation, and environmental sustainability in participating economic zones and software technology parks in Bangladesh. The project will also create 150,000 jobs, establish Dhaka’s first digital entrepreneurship hub, and by attracting domestic and foreign private investment, the project will help the economy rebound from the impacts of COVID-19.


Contacts

Washington
Yann Doignon
202-641-7447
ydoignon@worldbank.org
Dhaka
Mehrin Ahmed Mahbub
(880-2) 5566-7777
mmahbub@worldbank.org
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