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Bangladesh Bank governor advocates green financing

News Published: Sunday, Feb 15, 2015

Home Economy > Bangladesh Bank governor advocates green financing

Bangladesh Bank governor advocates green financing

Staff Correspondent,  bdnews24.com

Published: 2015-02-14 18:47:14.0 BdST Updated: 2015-02-14 18:47:14.0 BdST

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Bangladesh Bank Governor Atiur Rahman says the financial institutions will have to give at least 5 percent of their total credit to the environment-friendly industry sector by 2016.

 “All the banks and financial institutions have become involved in green financing to build up environment-friendly industries,” he told a seminar in Dhaka on Saturday.

He said the central bank had introduced re-financing schemes for 47 green products and one from the readymade garment sector.

Atiur was advocating for environment-friendly industries for the country's development.

In December, he ordered formation of an ‘advisory committee’ headed by the central bank to facilitate environment-friendly green financing.

Speaking at Saturday’s seminar the governor said, “All financial institutions have been ordered to give at least 5 percent of their total credit disbursement to environment-friendly industries by 2016.”