The government wants to raise $1 billion by selling orange bonds to invest in key sectors like apparel, green infrastructure and agriculture. Finance adviser of the interim government said this in a discussion meeting on Thursday. Salehuddin Ahmed.
IIX, UNDP and Bangladesh government organized the meeting titled ‘Interim Reconstruction of Bangladesh through Orange Bond’ at Sonargaon Hotel in the capital.
It was informed at the meeting, ‘Orange Bond’ is a type of bond, through which the money collected is invested in sustainable economic development, climate change impacts, gender equality and environmental issues. Although many countries of the world already have such bonds, Bangladesh is the first.
The finance advisor said in the meeting, “Everyone goes to the bank when they need money.” There is also the capital market. However, due to many irregularities in the past, problems have arisen here. The risk in such bonds is low.
Finance Department Secretary Dr. Md. Khairuzzaman Majumder said, “We mainly focus on mitigation to deal with climate change. But adaptation needs to be given equal importance.
Secretary of the Department of Economic Relations. Shahriar Quader Siddiqui emphasized on policy change and said, ‘Orange Bond can play an important role in the country’s economy. However, to make this initiative a success, necessary policy reforms must be made along with involving all concerned.
Secretary of the Department of Economic Relations. Shahriar Quader Siddiqui emphasized on policy change and said, ‘Orange Bond can play an important role in the country’s economy. However, to make this initiative a success, necessary policy reforms must be made along with involving all concerned.
