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GIZ organises sustainable finance training for bankers

TBP Desk
03 Aug 2022 00:00:39 | Update: 03 Aug 2022 00:00:39
GIZ organises sustainable finance training for bankers
Guests, trainers and participants at a training programme organised by GIZ Bangladesh in Chattogram recently – Courtesy Photo

GIZ Bangladesh organized a sustainable finance training programme for 30 bankers so they can support the mobilisation of climate and environment-friendly investment from the private sector, said a statement.

The training titled ‘Sustainable Finance for Sustainability: Challenges and Opportunities’ was jointly organized by Sustainable Finance Department (SFD) of Bangladesh Bank and GIZ Bangladesh in Chattogram recently.

Additionally, an awareness-raising event was held for more than 50 business leaders and entrepreneurs in Chattogram, who are interested in sustainable financing and investments. At the event, titled ‘Sustainable Finance for Sustainability: Challenges and Opportunities for the Private Sector’, the trained bankers and private sector participants engaged in in-depth discussions with Bangladesh Bank officials on how to easily access the low-cost funding options for sustainable businesses and initiatives.

The Improved Coordination of International Climate Finance (ICICF) project, implemented by GIZ Bangladesh, on behalf of the German Federal Government, is working together closely with SFD of Bangladesh Bank to organize a series of training on sustainable finance in five out of eight divisions of Bangladesh.

Bangladesh Bank SFD Director Khondkar Morshed Millat inaugurated the training programme while GIZ Bangladesh ICICF Project Principal Advisor Dr Firdaus Ara Hussain welcomed the participants at the event.

Technical sessions of the training were conducted by Additional Director Amitabh Chakraborty, Joint Director Shakhawat Hossan, and Joint Director Md Abu Rayhan from SFD of Bangladesh Bank.

The speakers covered different important areas such as sustainable finance reporting, screening of sustainable financing proposals, green refinance schemes, utilization of refinancing products, sustainable financing options offered by Bangladesh Bank and low-cost funding alternatives for green investments. The programme was moderated by Bangladesh Institute of Bank Management (BIBM) Prof Dr SM Ahsan Habib.

In his speech, Khondkar Morshed Millat said, “The banks need to implement the sustainable finance policy at the local level. The target for investing in sustainable products and business initiatives will increase in the coming years.”

He also conducted a training session on the sustainable finance policy for the participants.

In her opening speech, Dr Firdaus Ara Hussain emphasized the importance of accessing additional climate finance from external sources due to the increasing effect of climate change on the country.

“Bangladesh’s internal resources will not be enough to meet the increasing demand for finance for mitigating the effects of climate change. So, the capacities of the stakeholders to access international financing need to be enhanced,” she said.

Bangladesh Bank Chattogram office Executive Director Md Nurul Amin was present as the chief guest and distributed certificates among the participants of the training. Encouraging the bankers to promote sustainable finance among their clients in Chattogram, he requested them to invest in environmentally and socially sustainable business initiatives for ensuring a better world for future generations.

The ICICF project of GIZ Bangladesh works closely with the Bangladesh Government to support the nation to access international climate finance and mobilise finance from the public and private sectors to address the disastrous impact of climate change.

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