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GTF to promote financial facilities for emerging sectors: BUILD

Published : Thursday, 18 July, 2019 at 11:00 PM  Count : 241

GTF to promote financial facilities for emerging sectors: BUILD

GTF to promote financial facilities for emerging sectors: BUILD


Business Initiative Leading Development (BUILD), a platform for fact-based and research-backed dialogue and advocacy, has said the Green Transformation Fund (GTF) will promote concessional financial facilities for new and emerging sectors in addition to leather and jute.

“GTF has been a highly favorable loan facility to promote green growth in Bangladesh that was created by the Bangladesh Bank in 2016,” said BUILD, BSS reports.

Foreign Exchange Policy Department of the Bangladesh Bank has published a circular on June 16, 2019 to allow all export-oriented industrial sectors to avail of financing from the GTF established by the central bank.

BUILD said the reform of the central bank is expected to boost utilization of the GTF.

“GTF is a concessional financing facility that can expedite transfer of greener technology,” the release added.

GY



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