Mutual Trust Bank Limited (MTB) has recently signed a Participating Agreement with the Bangladesh Bank (BB) for Green Transformation Fund (GTF) of €200 million, says a statement.
Khondkar Morshed Millat, General Manager, Sustainable Finance Department, Bangladesh Bank, and Syed Mahbubur Rahman, Managing Director & CEO, Mutual Trust Bank Limited (MTB), signed the agreement on behalf of their respective organisations.
Bangladesh Bank (BB) has introduced €200 million Green Transformation Fund (GTF) along with the existing US$200 million to set up environment-friendly initiatives.
The GTF in euro will be admissible to all manufacturing industrial enterprises for importing environment-friendly & energy-efficient (including solar energy and renewable energy under power sector) or green capital machinery and accessories (including buyer's credit).
The GTF highlights the importance of long-term financing in foreign currency for accelerating sustainable growth in manufacturing sectors conducive to transformation of green economy in the country.
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