The interest rate of IFC loans would be less than 10 percent, said Kamal
Finance Minister AHM Mustafa Kamal has said huge investments from the International Finance Corporation (IFC) will expand the scope of employment opportunities in Bangladesh.
He said, "The private organisations in Bangladesh can utilise IFC investments, and this will lead to job growth."
The minister made the remarks at a press briefing after a series of meetings with the World Bank and the United States Agency for International Development in Washington on Friday, said a press release issued by the Finance Division.
One of the meetings on Friday was held with a delegation led by IFC's Regional Vice-President Snezana Stoiljkovic, and another one with Deputy Governor of Japan Bank for International Cooperation Nobumitsu Hayashi.
The meetings are part of the annual meeting of the World Bank and the International Monetary Fund in the US capital.
Kamal said the interest rate of IFC loans would be less than 10 percent.
He said the United States Agency for International Development has expressed interest in assisting the Bangladesh government to increase its income tax collection capacity.
"The Japan Bank for International Cooperation and the World Bank have also expressed keen interest in investing in Bangladesh," the minister added.
On road safety, the minister said the government has taken several steps in this regard such as the Road Safety Act.
"The Road Safety Act has been passed. Moreover, roads are being upgraded to four lanes and six lanes, and service lanes are being set up for local vehicles alongside those roads. Restrooms are also being built for drivers," Kamal said.