Resident Representative, UNDP Bangladesh Stefan Liller has said unlocking new sources of climate ?nance is essential in Bangladesh, a country on the frontlines of climate change. The United Nations Development Programme (UNDP) and City Bank PLC signed a Memorandum of Understanding (MoU) recently to accelerate climate ?nance in Bangladesh by advancing the country’s emerging thematic bond market, with a focus on green investments. The signing ceremony took place at the City Bank head of?ce.
the MoU was signed by Stefan Liller, Resident Representative, UNDP Bangladesh and Mashrur Are?n, CEO of City Bank PLC, marking a signi?cant step toward mobilizing private sector investment for climate-resilient development, said UNDP.