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Published on Monday, 16 February 2015

New green fund for Bangladesh RMG

Written by John Mowbray

DHAKA - Bangladesh's Central Bank has said it will set aside US $500 million of low cost finance to help the country's ready-made garment industry adopt sustainable technologies and practices. The announcement of the green fund followed recommendations by experts and entrepreneurs at a seminar on sustainability in the country's textiles sector, organised by the Policy Research Institute of Bangladesh (PRI) and International Finance Corporation. The 'Green Export Development Fund' will be in addition to Bangladesh's existing export development fund (EDF) of US $1.5 billion.


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