FEPD Circular Letter No. 23: Green Transformation Fund

The eligibility conditions stipulated in paragraphs 3(a) and 3(b) of FE Circular No. 02 are relaxed for state-owned commercial banks (SOCBs) to participate in the Green Transformation Fund. This relaxation allows SOCBs to apply for loans in US Dollar and Euro for on-lending or refinancing to eligible borrowers for green initiatives. The eligibility criteria for private commercial banks and foreign commercial banks remain unchanged.

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Foreign Exchange Policy Department
Bangladesh Bank
Head Office
Dhaka www.bb.org.bd
FE Circular Letter No.-23 Date: September 05, 2021 All Authorized Dealers in Foreign Exchange in Bangladesh Dear Sirs, Green Transformation Fund. Please refer to FE Circular No. 02, dated January 14, 2016 and its subsequent circular/circular letters in terms of which Bangladesh Bank operates Green Transmission Fund (GTF) in US Dollar and Euro for extending loans to Authorized Dealers (ADs) for on-lending/re-financing to eligible borrowers to implement specified green/environment-friendly initiatives. The eligibility criteria for participating ADs have been stipulated in Para 3 of the mentioned circular. To facilitate customer-borrowers to a wider scale under GTF program, now the conditions stipulated in paragraph 3(a) and 3(b) have been relaxed for the state owned commercial banks (SOCBs) to consider their application in this regard. Instructions of eligibility criteria of participating ADs of Private Commercial Banks and Foreign Commercial Banks shall remain unchanged. Please bring the above instructions to the notice of your all constituents concerned.

Yours Faithfully,
(Kazi Rafiqul Hassan)
General Manager
Phone: 9530123

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