Jun 23, 2020 — On Tuesday, The International Finance Corporation (IFC) said that Bangladesh and two other Asian countries had identified green finance as a top priority for developing their financial sectors in a sustainable manner.
It also said that Bangladesh had been giving the highest priority to tackle the challenges and to ensure sustainable finance.
The United States-based multinational lender published these findings in a report titled “Necessary Ambition: How Low-Income Countries are Adopting Sustainable Finance to Address Poverty, Climate Change, and Other Urgent Challenges”.
IFC facilitated the Sustainable Banking Network, a voluntary community of financial sector regulatory agencies and banking associations from emerging markets, to prepare the report.
Starting its journey towards sustainable banking in 2009, the report mentioned that Bangladesh published the green banking policy in 2011 and extended the policy for non-banking financial institutions in 2013. Read more.