June 24, 2020 — Green financing is rapidly gaining traction in the Bangladesh market, thanks to the country’s specific focus on issuing green loans, according to an International Finance Corporation (IFC) report.
The report by IFC-facilitated Sustainable Banking Network (SBN) shows that Bangladesh, Mongolia and Nepal have identified green financial services as a crucial aspect for ensuring sustainable development in financial sectors.
“At a time when low-income countries across Asia and the Pacific are being battered by the Covid-19 pandemic, its all the more vital for economies to embrace sustainable financial development in order to build resilience in the sector for future calamities,” said Nena Stoiljkovic, IFC vice president for Asia and the Pacific. Read more.