Mutual Trust Bank Limited (MTB) has recently signed a Participating Agreement with Bangladesh Bank (BB) for Green Transformation Fund (GTF) of €200 million. 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 organizations.
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 of 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.