Bangladesh, Indonesia open new horizon in sustainable finance
Business Desk :
To reinforce their shared commitment to fostering sustainable economic growth, Bangladesh and Indonesia engaged in a high-level dialogue on sustainable finance.
A delegation of senior officials from Bangladesh’s Economic Relations Division (ERD) under the Ministry of Finance, led by the Cabinet Secretary and ERD Additional Secretary, and supported by the United Nations Development Programme (UNDP) and Impact Investment Exchange (IIX), visited Jakarta from February 24 to 27.
The delegation was headed by Sheikh Abdur Rashid, Cabinet Secretary of Bangladesh, alongside AKM Sohel, Additional Secretary of ERD; Razibul Islam, Joint Secretary of ERD; Ashfaqul Islam Mukut, Joint Secretary of ERD; and other senior representatives, reports, UNB.
The visit aimed to learn from Indonesia’s success in sustainable financing and thematic bonds, including green and sustainability-linked financial mechanisms.
It served as a platform for both nations to explore the potential of Green Bonds, Sukuk, Orange Bonds, and other innovative financing models in mobilizing capital for national sustainable development.
The delegation engaged with Indonesian financial policymakers, bond issuers, and sustainability-driven projects to gain insights into how sustainability-focused finance has been effectively scaled to support economic growth while addressing environmental and social priorities.
“Bangladesh is dedicated to building a sustainable and resilient economy, and this collaboration with Indonesia marks an important step in unlocking innovative financial solutions through capital markets. By leveraging Indonesia’s expertise in green finance and sustainability-aligned investments, we aim to establish financial mechanisms that will not only support our climate goals but also drive inclusive economic growth for all Bangladeshis,” stated AKM Sohel, UN Wing Chief and Additional Secretary of ERD.
Indonesia has been recognized as a leader in sustainable finance, pioneering award-winning financial instruments such as Green Sukuk and sustainability bonds.