The Dhaka Times Desk The International Certification Course under the supervision of BIBM and Frankfurt School of Finance and Management will be fully supported by the Economic Relations Department (ERD) of the Ministry of Finance, Bangladesh Bank and GIZ Bangladesh to accelerate sustainable development.
A new course titled 'Certified Expert on Sustainable Finance' is starting in the country. Frankfurt School of Finance and Management in Germany and Bangladesh Institute of Bank Management (BIBM) is a joint venture of this kind of course for the first time in the country. This course has been introduced to accelerate the sustainable development of the country by increasing the capacity of the financial sector by enhancing the skills of bankers and other stakeholders on sustainable finance.
The course was funded by the bilateral project 'Improved Coordination of International Climate Finance' (ICICF) implemented by GIZ Bangladesh and the Economic Relations Department (ERD) of the Ministry of Finance. The ICICF project is fully supporting Bangladesh Bank to implement sustainable financing policies in the banking sector by increasing the capacity of the financial sector in sustainable financing and encouraging the private sector to invest in climate.
On this occasion, a program was recently organized at the BIBM Auditorium in the capital. Mr. Sharifa Khan, Secretary of the Department of Economic Relations of the Ministry of Finance, was present as the chief guest at the event. Besides, Mr. Florian Hollen, Head of Development Cooperation of the German Embassy in Bangladesh and Mr. Ahmed Jamal, Deputy Governor of Bangladesh Bank and Chairman of the Executive Committee of BIBM were present as special guests.
Professor of BIBM. Shah Md. Ahsan Habib, the project manager of GIZ Bangladesh's ICICF project was also present at the event. Ferdous Ara Hossain, Director General of BIBM. Md. Akhtaruzzaman along with officials of Bangladesh Bank, Economic Relations Department (ERD), various banks and NBFIs (Non-Bank Financial Institutes) and GIZ.
Sharifa Khan, secretary of the Economic Relations Department of the Ministry of Finance, said, "There is a big difference between the climate finance required to deal with the effects of climate change and the investment of the public and private sectors in this regard." He mentioned that the government is financing from its own sources to deal with the effects of climate change. At this time, he appreciated the role of Bangladesh Bank in encouraging sustainable investment in the financial sector. Besides, he emphasized on private sector investment.
The Secretary emphasized the need for training, tools and procedures for financial sector stakeholders to identify investment risks due to climate change.
He expressed hope that this international level certification course on sustainable financing will be helpful for banks in dealing with climate change and sustainable investment.
On this occasion, the Deputy Governor of Bangladesh Bank, Mr. Ahmed Jamal assured full support from Bangladesh Bank to increase the amount of sustainable investment and to implement strategies related to sustainable investment to the bankers and private sector.
Mr. Florian Hollen, Head of Development Cooperation at the German Embassy in Dhaka, expressed his gratitude to the Department of Economic Relations and GIZ for making this international course a success in the joint initiative of Frankfurt School, one of Europe's leading local educational institutions for economics and investment, and BIBM, a leading higher education institution for bankers in Bangladesh.
Certified Expert in Sustainable Finance (CESF-BF) is a joint certification program of Germany's Frankfurt School of Finance and Management and Bangladesh Institute of Bank Management (BIBM). The course is organized into two modules – a six-month online module with the Frankfurt School and a three-month classroom module at the BIBM campus. 25 bankers and participants have been selected for the first pilot batch and the academic expenses of the first batch will be borne under the ICICF scheme. News press release.
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# three-layer cloth mask can be washed if desired.
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