Orange Bonds, a new financial initiative, will be the key in facilitating sustainable development and inclusive economic growth in Bangladesh, said Lutfey Siddiqi, chief adviser's special envoy for international affairs.
Speaking as a special guest at an international conference held at the SGX Auditorium in Singapore, he also said that Bangladesh will make significant progress in its overall development index by prioritising gender equality, women's empowerment and climate action.
The forum on celebrating the potential of Orange Bonds to mobilise funds for inclusivity and sustainability was organised by the Singapore-based Impact Investment Exchange, according to a statement.
More than 300 global business leaders, innovators and professionals, who initiate progress, attended the event.
Lutfey Siddiqi emphasised that introducing Orange Bonds will create a new avenue for attracting public and private investment while strengthening Bangladesh's capital market.
He also said that the initiative will contribute to the country's long-term stability and inclusive growth.
The Movement primarily challenges conventional finance, leveraging data, technology, and purpose-driven innovation to empower women and underprivileged communities, said Durreen Shahnaz, founder and chief executive officer of Impact Investment Exchange, highlighting the essence of the 'Orange Movement'.
"With 250,000 signatories to the 'Orange Pledge' and nearly 3 million lives impacted, the Movement has proven that we create equitable and sustainable solutions when we embed inclusion in our financial systems," she added.
Pol de Win, senior managing director of Singapore Exchange, officially inaugurated the conference and expressed his pride in supporting the Movement and its contributions to the financial sector.
In November 2024, the Bangladesh officially launched the Orange Bonds in partnership with United Nations Development Programme and Impact Investment Exchange. The initiative aims to raise $1.0 billion through multiple bond issues, supporting long-term stability and inclusive growth, and demonstrating the government's commitment to successfully implementing the Orange Bond.
[email protected]
