With this USD 13.8M loan, Proparco, the French Development Finance Institution, supports Ananta Huaxiang Limited (AHL), a subsidiary of Ananta Group in Bangladesh, to increase its sweater manufacturing capacity through the expansion of its production facility located in Narayanganj, Bangladesh. This operation will allow AHL to emerge as a large volume sweater manufacturer and strengthen its competitiveness in the international market.

The project aims to support the financing of imports of basic necessities in Burkina Faso through a EUR 10 million guarantee envelope on trade finance instruments issued by Vista Bank Burkina. Proparco and the Vista Group are thus strengthening their partnership, less than a month after the integration of the subsidiary in Guinea into the program.

One year after the Electribus project, Proparco is renewing its support for clean mobility in Colombia with Green Móvil. Financed in partnership with the Colombian development bank FDN, the operation will allow the city of Bogota to acquire 406 electric buses and the infrastructure required for them to run properly.
Details and analysis from Johann Choux, Regional Director for Colombia and the Andean Region, and Luis Andres Alandia, Senior Investment Officer at Proparco.