Staff Reporter :
The European Investment Bank (EIB) Vice-President, Nicola Beer, described Bangladesh’s current situation as stable for investment in priority sectors during a meeting with Foreign Affairs Adviser Md Touhid Hossain on Tuesday. Beer emphasised the EIB’s commitment to ongoing projects and highlighted the potential for further agreements within the year.
Beer reaffirmed the EIB’s support for Bangladesh’s interim government, noting collaboration with various ministries to accelerate investments, particularly in water and sanitation. She expressed optimism about the ongoing reforms and preparations for the upcoming elections, and voiced satisfaction in engaging directly with officials, economic leaders, and citizens.
Energy was discussed as a key priority, with Beer highlighting a framework loan intended to support specific projects. The meeting also addressed Bangladesh’s regional positioning and its potential to emerge as a strong and equal partner.
She assured that the EU stands united with the interim government to serve the people of Bangladesh.
During her three-day visit, Beer is scheduled to meet key officials, including Chief Adviser Prof Muhammad Yunus, Finance and Planning Adviser Dr Salehuddin Ahmed, and representatives from sectors such as Power, Energy, and Environment. She will also engage with international development partners like ADB, IMF, and the World Bank, and visit the Ghandharbpur Water Treatment Plant.
The EIB, the world’s largest multilateral financial institution, prioritises climate action, infrastructure, SMEs, and innovation. Beer emphasised the EIB’s role in supporting renewable energy and environmental projects in Bangladesh. Prof Yunus also called on the EU to assist in transforming the country’s energy sector, with renewable energy identified as a key focus area.
Since 1958, the EIB has invested over €1 trillion globally to advance EU policy goals. Beer’s visit underscores the EU’s commitment to fostering sustainable development and investment in Bangladesh.
