The Dhaka Times Desk GIZ Bangladesh organized a training program on sustainable finance in Rajshahi with the participation of 30 bank officials so that bank officials can play a more supportive role in the effective use of private sector climate and environment-friendly investments.
Recently, Bangladesh Bank's Sustainable Finance Department (SFD) and GIZ Bangladesh jointly organized this training program titled 'Sustainable Finance for Sustainability: Challenges and Opportunities' at Royal Raj Hotel and Condominium in Rajshahi.
The Improved Coordination of International Climate Finance (ICICF) project implemented by GIZ Bangladesh on behalf of the German Federal Government in association with Bangladesh Bank's SFD is organizing this training program on sustainable finance in 5 out of 8 departments of the country.
An awareness raising program was organized with more than 50 business leaders and entrepreneurs interested in sustainable finance and investment from Rajshahi region.
In this initiative titled 'Sustainable Finance for Sustainability: Challenges and Opportunities for the Private Sector', bank officials and private sector participants participated in a detailed discussion with Bangladesh Bank officials on how they can easily pursue low-cost funding or fundraising approaches for sustainable businesses and initiatives. Participants took.
Md Rajab Ali, Director of Sustainable Finance Department of Bangladesh Bank, inaugurated the training program at the event. ICICF Project-GIZ Bangladesh chief advisor Dr. welcomed the participants in the event. Ferdaus Ara Hossain.
The technical part of the training was conducted by Bangladesh Bank's Sustainable Finance Department Additional Director Amitabh Chakraborty, Rabeya Khandakar and Joint Director Md. Abu Raihan. The speakers discussed various important areas such as sustainable financial reporting, screening of sustainable financing proposals, green refinance (environmentally friendly refinancing) methods, use of refinancing products, sustainable financing provided by Bangladesh Bank, etc. The training was conducted by Professor Dr. Bangladesh Institute of Bank Management (BIBM). SM Ahsan Habib.
Md Rajab Ali said in his speech that there is currently no alternative to sustainable financing. Therefore, the senior management authorities of commercial banks should immediately focus on sustainable and environment friendly investments.
In the opening speech Dr. Ferdows emphasized on creating opportunities for additional climate finance from external sources due to the increasing impact of climate change on the country. Bangladesh's domestic resources are not sufficient to meet the growing demand for financing climate change mitigation. Therefore, there is a need to enhance the capacity of stakeholders to create opportunities for international financing.
Economic Relations Department Joint Secretary SM Mahbub Alam in his speech discussed the impact of climate change in Bangladesh. He noted that to sustain the socio-economic development of the country, tackling climate change is very important.
Jagannath Chandra Ghosh, Executive Director of Bangladesh Bank Rajshahi Office, attended the event as the chief guest and handed over the certificates to the training participants. He encouraged local bankers to familiarize themselves with the sustainable financial policies of Bangladesh and also urged them to promote environment-friendly investments among their customers.
Through the Improved Coordination of International Climate Finance (ICICF) project, GIZ has been working closely with the Government of Bangladesh to build capacity for mobilizing and coordinating climate finance. News press release.
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