Climate-linked funds are failing to deliver their intended benefits and defaults are weakening the banking sector. While public funds meant to support sustainable growth are misallocated, the cost of failure is ultimately borne by depositors and the economy.

Small and medium enterprises (SMEs) are not getting adequate funds needed to carry out foreign trade despite having the potential to help the country boost exports and overcome the foreign exchange shortage, said Sameer Sattar, president of the Dhaka Chamber of Commerce and Industry (DCCI).

Despite Bangladesh having a large number of green factories, the SMEs in our garment industry are still struggling to access green finance.