Regulatory Alerts2020-07-08
Added · Updated
Refinancing/on lending scheme of USD 200 million and Euro 200 million under Green Transformation Fund(GTF)
Existing and new Participating Financial Institutions (PFIs) intending to avail the US dollar and Euro components of the Green Transformation Fund (GTF) must sign a Participation Agreement with the Sustainable Finance Department of Bangladesh Bank using the attached format. PFIs that previously signed a Participation Agreement with Bangladesh Bank and now intend to avail only the US dollar component are exempt from signing the new format.
website: www.bb.org.bd Sustainable Finance Department Bangladesh Bank Head Office, Dhaka
July 08, 2020 SFD Circular No. 03 Date:------------------ Ashar 24, 1427 Managing Director/Chief Executive Officer All Scheduled Banks in Bangladesh Dear Sir, Refinancing/on lending scheme of USD 200 million and Euro 200 million under Green Transformation Fund(GTF) Please refer to FE Circular No. 02 dated January 14, 2016, its subsequent circular/circular letters and FE Circular No. 20 dated April 15, 2020 issued by Bangladesh Bank(BB). 02. BB operates Green Transformation Fund(GTF) in US dollar for extending loans to Authorized Dealers(ADs) for on lending/refinancing to all manufacturer-exporters. As per above mentioned FE Circular No. 20/2020, Euro 200 million has been introduced to GTF with some additional facilities. In view of the above context, existing and new PFIs intended to avail USD component as well as Euro component are advised to sign Participation Agreement(PA) with Sustainable Finance Department(SFD), BB as per PA format attached here-with. In case of PFIs, who earlier signed PA with BB and now intend to avail only USD component, are not required to sign PA as per new format mentioned above. Enclo: Participation Agreement Yours faithfully,
(Khondkar Morshed Millat) General Manager Phone: 9530320 mail: morshed.millat@bb.org.bd gm.sfd@bb.org.bd