June 23, 2020 —
Promoting green finance is a focus in Bangladesh.
A new report by the International Finance Corporation (IFC) facilitated Sustainable Banking Network (SBN) shows that Bangladesh, Mongolia and Nepal have identified green finance as a top priority for sustainably developing their financial sectors.
The report titled “Necessary Ambition: How Low-Income Countries Are Adopting Sustainable Finance to Address Poverty, Climate Change, and Other Urgent Challenges” said these three countries face immediate and significant impacts from climate change, pollution, biodiversity loss, and social inequality that require urgent responses.
In the wake of the challenges, the report stated that in Asia, promoting green finance, such as green bonds and green loans, is particularly a focus in Bangladesh and Mongolia. Read more.
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