Sustainable Finance Department
|SFD Circular No. 04||July 28, 2020
Date : ——————
শ্রাবণ ১৩, ১৪২৭
Managing Director/Chief Executive Officer
All Scheduled Banks in Bangladesh.
Guidance Note for on-lending/refinancing under
Green Transformation Fund (GTF)
1. Please refer to FE Circular No. 02 dated: January 14, 2016 and FE Circular No. 20 dated: April 15, 2020.
2. According to section 8 of the abovementioned FE Circular No. 02, a “Guidance Note” for endorsing ‘green transformation’ of machines and accessories under GTF (enclosed) is being issued vide this circular which is to be used by all Participatory Financial Institutions (PFIs) for availing on-lending/refinancing facility from this fund.
3. The current GTF includes 200 million US Dollar and 200 million Euro. This guidance note will be applicable for on-lending/refinancing for both components of the funds. Mentionable that in case of Euro component of GTF, refinancing for importing (only buyer’s credit) industrial raw materials in all manufacturing enterprises including both export oriented and deem exporters for the tenure permissible as per paragraph 33 (a), chapter 7 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1 and its subsequent circulars will be available.
4. Please acknowledge receipt.
Enclosure: As stated above (2 pages).
(Khondkar Morshed Millat)
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