Resident Representative, UNDP Bangladesh Stefan Liller has said unlocking new sources of climate finance is essential in Bangladesh, a country on the frontlines of climate change.
The United Nations Development Programme (UNDP) and City Bank PLC signed a Memorandum of Understanding (MoU) recently to accelerate climate finance in Bangladesh by advancing the country’s emerging thematic bond market, with a focus on green investments.
The signing ceremony took place at the City Bank head office.
The MoU was signed by Stefan Liller, Resident Representative, UNDP Bangladesh and Mashrur Arefin, CEO of City Bank PLC, marking a significant step toward mobilizing private sector investment for climate-resilient development, said UNDP.
Under this partnership, UNDP will provide technical assistance to support City Bank PLC in issuing its first green bond by a commercial bank in Bangladesh.
