IFC trains bankers on sustainable energy finance
Saturday, 5 December 2009
FE Report
International Finance Corporation (IFC), a member of the World Bank Group, has helped train bankers on how to appraise sustainable energy finance loans to assist them increase investments in green businesses.
South Asia Enterprise Development Facility (SEDF), which is managed by IFC in partnership with the United Kingdom's Department for International Development and the Norwegian Agency for Development Cooperation, hosted the training recently for 35 senior bankers, said a statement.
The training covered topics as how to structure sustainable energy finance loans, how to develop such loan products, what sort of risks to look out for and opportunities for green investments, including energy efficient boilers, steamers and compact fluorescent lamps.
"The training was a critical step towards our overall objective of creating opportunities for financial institutions to build a sustainable energy finance portfolio that will address climate change issues and reduce pollution in Bangladesh, while increasing bank profits," the statement quoted Mohammad Rehan Rashid, senior financial markets specialist of IFC, as saying.
Ali Reza Iftekhar, Managing Director and CEO of Eastern Bank Ltd said: "We expect this training will equip our staff to appraise renewable energy and energy efficiency loan proposals proactively."
International Finance Corporation (IFC), a member of the World Bank Group, has helped train bankers on how to appraise sustainable energy finance loans to assist them increase investments in green businesses.
South Asia Enterprise Development Facility (SEDF), which is managed by IFC in partnership with the United Kingdom's Department for International Development and the Norwegian Agency for Development Cooperation, hosted the training recently for 35 senior bankers, said a statement.
The training covered topics as how to structure sustainable energy finance loans, how to develop such loan products, what sort of risks to look out for and opportunities for green investments, including energy efficient boilers, steamers and compact fluorescent lamps.
"The training was a critical step towards our overall objective of creating opportunities for financial institutions to build a sustainable energy finance portfolio that will address climate change issues and reduce pollution in Bangladesh, while increasing bank profits," the statement quoted Mohammad Rehan Rashid, senior financial markets specialist of IFC, as saying.
Ali Reza Iftekhar, Managing Director and CEO of Eastern Bank Ltd said: "We expect this training will equip our staff to appraise renewable energy and energy efficiency loan proposals proactively."