Finance Minister for greater trust among countries to leverage cross border energy trade

Business Report :
Finance Minister Abul Hassan Mahmood Ali has said building greater trust and confidence among countries could be the key to leverage enormous opportunities for cross border energy trade and attract international finance in energy transition projects in South Asia.
He spoke at a SASEC Knowledge Event titled “Financing the Clean Energy Transition in South Asia” as a panelist on the 2nd day of the ADB Annual Meeting 2024 in Tbilisi.
In his intervention, the Finance Minister presented Bangladesh’s vision for clean and green energy transition.
He focused on building greater trust and confidence among South Asian countries to leverage their additional capacities in hydro, solar and other non-fossil fuel sources for meeting region’s growing energy needs in a sustainable manner, said a press release on Saturday.
Citing personal anecdotes on a number of South Asian projects, the Finance Minister put emphasis on creating an enabling environment for domestic and foreign investors to bring finances in bankable energy projects.
He sought ADB’s support to this connection.
On the sidelines, ERD Secretary and Alternate Governor of Bangladesh to ADB Shahriar Kader Siddiky met the US delegation headed by Alexia Latortue, Assistant Secretary for International Trade and Development, US Treasury to discuss climate cooperation and the progresses attained on financial and fiscal sector reforms.