Published:  02:00 AM, 07 December 2017

'BD to be model of green financing'

'BD to be model of green financing' Former Bangladesh Bank Governor Dr Atiur Rahman speaking as a special guest at a seminar on 'Green Finance' at NEC conference room of planning commission in the city, yesterday. -AA

Former Bangladesh Bank Governor Dr Atiur Rahman observed that Bangladesh is going to be a model of green financing as the country achieved a lot in this regard.

He, however, pointed out that the country will have a long way to go. Atiur said the concept of sustainable development has reframed the traditional relationship between the financial system and its clients. "Bangladesh has responded to these changes efficiently and effectively."

Rahman was speaking as a special guest at a seminar on 'Green Finance' at NEC conference room of planning commission in the city, yesterday. He said our achievements in terms of green finance are surely commendable. However, it also has to be acknowledged that we still have a long way to go.

The seminar was jointly organized by Economic Relations Division (ERD) of the Ministry of Finance and DFID's Economic Dialogue on Green Growth (EDGG) program.

Dr. Atiur observed that banks can play a pivotal role in promoting green finance through financing the green initiatives as well as through working as a knowledge hub for the investors. The developmental role of the central bank is a prerequisite for ensuring enhanced green finance by commercial banks, he added.
 
He said- "Due to prudent initiatives of the central bank (coupled with potent support from the government), Bangladesh has been placed on the global map by championing the developmental role of central banks in advancing financial inclusion and green finance." But still there is a lot of scope of improvement in this regard- he opined out.

"While the steps taken by Bangladesh Bank are being widely acclaimed both at home and abroad, it also has to be acknowledged that there are numerous challenges ahead.


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