Development of Green Finance in Bangladesh

Abstract

The internship report describes the green finance scenario of Bangladesh and its impact on the Economy. In my report, the main focus is how Bangladesh is performing in the green finance sector and the contribution of banks and financial institutions to this matter. The reports will discuss the green financing sectors and the importance of financing those sectors in terms of achieving the SDG targets set by the Government of Bangladesh has set. I have also disclosed the data from 2018 to 2022 from the Bangladesh Bank website about financing green projects. From the data and graphs, it becomes easier for the reader to know if Bangladesh is moving ahead in terms of green growth or if it is lagging. Besides, the macroeconomic challenges have changed the people’s banking mindset in which banks and financial institutions have faced many barriers over the years. For instance, the deposit amount has been decreasing over the years at the same time NPL management has become one of the key priorities of banks and financial institutions. This is also noteworthy that, if banks and financial institutions focus more on sustainable projects and start contributing more to green finance then the NPL can be managed. Thus, it will contribute to the GDP of the nation and the economic well-being of the nation as a whole.