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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.
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