Bangladesh PaCT promises support to BRAC Bank Limited (BBL) in developing and implementing Sustainable Energy Financing projects in Bangladesh. A cooperation agreement was signed between the two parties, where PaCT will support BBL in SEF Loan Products Development, potential market scoping, capacity development of SEF team, and facilitate BBL in lending US$ 10 million for sustainable energy projects in the Bangladesh textile sector. BRAC Bank Limited which facilitates Small and Medium Enterprises (SME) was founded by BRAC, the largest non-governmental development organization in the world. The partnership demonstrates BBL’s buy-in for addressing sustainable energy projects in the textile sector, and is envisioned to catalyze the growth of SEF market in Bangladesh. For more details, contact nchowdhury1@ifc.org.
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