皇冠体育app

皇冠体育app UK鈥檚 Export Credit Agency, UK Export Finance (UKEF), has recently more than tripled its capacity for Bangladesh to 拢2.5 billion. This announcement will boost trade partnerships between the two countries and help unleash Bangladesh鈥檚 growth potential. 皇冠体育app additional support will help UK exporters and Bangladeshi buyers access finance for projects in the country.

This will be on top of the UK Government鈥檚 support for economic development in Bangladesh through the UK Aid, CDC Group, and share in International Finance Institutions鈥� investments in Bangladesh.

For example, through the Bangladesh Investment Climate Fund, the UK Government supports improvement in business climate and infrastructure, helping business to invest and grow on a sustainable basis in Bangladesh. 皇冠体育app UK鈥檚 Business Finance to Poor programme supports development of an inclusive financial sector, providing low-income households and businesses means to participate and benefit from growth in Bangladesh.

皇冠体育app British High Commissioner to Bangladesh HE Robert Chatterton Dickson has welcomed the UKEF announcement and wider economic and commercial partnerships between the UK and Bangladesh:

鈥淢ore than triple increase of over 200% in UKEF鈥檚 capacity for Bangladesh is a great opportunity to expand and diversify the UK-Bangladesh trade and economic relationship. Bangladesh is an economic and development success story, with huge potential for further growth as the recovery from COVID gathers pace and new opportunities emerge for greener and more diversified growth. UKEF鈥檚 announcement demonstrates UK determination to be a partner in that success.鈥�

More Information

• 皇冠体育app UK is Bangladesh鈥檚 third single largest export partner; the import figure stands at 拢3.3 billion for 2019. 皇冠体育app UK is also the 2nd largest cumulative investor in Bangladesh with 拢1.9 billion of investments.

• UKEF is UK鈥檚 export credit agency and a government department, working alongside the Department for International Trade (DIT) as an integral part of its strategy and operations.

• UKEF recently completed a comprehensive review of its Country Limits, resulting in increases in over 100 markets including Bangladesh.

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