Development
Co-operation
Economic Affairs
Consular Affairs
Netherlands Fellowship Program
News

 

 

 

 

 

3. Trade and Investment Promotion by the Netherlands

 
3.3 PSOM (programma samenwerking opkomende markten)

To stimulate Dutch foreign direct investment and pro-poor economic growth in Bangladesh (and other developing countries and emerging markets) a financing instrument called PSOM has been introduced by the Netherlands government. This instrument has been introduced in Bangladesh on 7 March 2005 [for more information, see the press statement [Web link Bellow] PSOM supports private sector development by promoting cooperation between Bangladeshi and Dutch companies on the basis of partnership. Financial support up to 60% (maximum of EUR 825,000) is provided to initiatives of private companies from the Netherlands and Bangladesh in setting up jointly innovative projects, making use of international and local know-how, goods and services, which is environmentally friendly and has development spin-off effects. On the website of the EVD, who is responsible for administering PSOM, the eligibility criteria, procedures and status of PSOM in Bangladesh can be found (www.evd.nl/psom/). Currently two PSOM projects are running while three projects are in the pipeline.


Copyright © 2002 Netherlandsembassy All Rights Reserved