Dhaka, Bangladesh (BBN)- The central bank of Bangladesh is going to launch a new fund worth US$200 million shortly to facilitate green financing in the country.
“We’ll introduce the $200-million green fund with our own resources to facilitate green financing in different productive sectors including textiles and leather,” Bangladesh Bank (BB) Governor Dr, Atiure Rahman said while addressing at a foundation stone laying ceremony of Human Resources and Management Institute in the port city, Chittagong on Wednesday.
The central bank chief said also a proposal in this connection will be placed at the BB’s next board of directs meeting, scheduled to be held on December 11 for approval.
“We’re working continuously to increase investment in the productive sectors including agriculture and SME (small and medium enterprises) for ensuring sustainable development across the country,” Dr. Rahman explained.
The central bank has already introduced a $300 million investment fund for helping the country attain maximum economic growth through accelerated productive activity.
The funds would be used for boosting medium-and long-term investment, particularly in productive sectors, according to the governor.
The Human Resources and Management Institute will be a human resources development centre for the BB, commercial banks and non-banking financial institutions (NBFIs).
It may also be used for the different corporate programme of entire financial sector, government organizations and private corporate bodies, according to the BB officials.
Among others, Deputy Governor of BB Abu Hena Mohammed Razee Hassan, Executive Director Muhammad Mijanur Rahman Joddar, former Executive Director of the central bank M Mahfuzur Rahman and Chairman of Chittagong Development Authority (CDA) Abdus Salam also spoke on the occasion.
BBN/SSR/AD