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IDB to fund computer software development
Islamic Development Bank will provide funds for the development of computer software sector in Bangladesh, reports UNB.
This was stated by the visiting IDB vice-president Ousmane Seek while talking to Commerce and Industries Minister Tofael Ahmed at his office here yesterday.
"We love to promote the export capacity building efforts of the member countries." the IDB vice-president said responding to request of the minister to allocate special fund for the nourishment of the computer software sector.
He said the IDB has created an unit to deal with WTO to erotect the exports of the mem-er countries.
Explaining the prospects of expanding computer software sector in the country, the Com-
merce Minister said, educated and unemployed youths could utilise their talents in this sec tor.
This will also help reduce unemployment and expand foreign earnings," he added.
The minister requested the IDB vice-president to mobiliae some fund for setting up of a national design ana fashion centre to diversify the apparel products.
He said that the centre would help the country's capacity building in competing with other exporting countries even after 2005, in the global free-trade arena.
The IDB vice-president accepted the proposal and said, they would prepare a strategic planning in this regard.
The minister also requested the IDB team to provide finan-
cial supports to the entrepreneurs in BSC1C estates for establishing small and medium scale industries.
He said most of the BSCIC estates are still unoccupied as the local banks has no ability to disburse sufficient loans to entrepreneurs.
Tofael also sought IDB's cooperation in setting up of more backward-linkage industries for readymade garments sector.
Responding to the plea of the Bangladesh minister, the IDB vice-president said IDB is promoting private sectors of the member countries through financing to small and medium scale industrial entrepreneurs.
The Bank is also maintaining commercial relations with the banks of the member countries, he said showing keen interests to take entrepreneurship development programme in
Bangladesh.
The minister appreciated the IDB for Its generous support and future development plan for poverty alleviation and Infrastructure development In Bangladesh
He said the government is also taking some specific projects for capacity building with the assistance of UNCTAD. World Bank. Asian Development Bank and other international organisations.
Tofael said IDB could provide technical assistance to Bangladesh to face the challenges of globalisation and liberalisation of trade.
Commerce Secretary Sayed Alamgir Farrouk Chowdhury. Industries Secretary K M EJaJul Hua, IDB Director Dr Muhammad Ahmed and other officials were present.