Zariat Mushfique of DOT
 The new IFC-facilitated Sustainable Banking Network (SBN) report identified that, Bangladesh, Mongolia, and Nepal have recognized green finance as a top priority for sustainably developing their financial sectors, reports Independentbd.
 The report titled, “Necessary Ambition: How Low-Income Countries Are Adopting Sustainable Finance to Address Poverty, Climate Change, and Other Urgent Challenges”, noted that these countries face immediate and significant impacts from climate change, pollution, biodiversity loss, and social inequality, that require urgent responses, reports Dhaka Tribune.
 In Bangladesh and Mongolia especially, according to the report, promoting green finance, such as green bonds and green loans are a particular focus.
 The countries working on developing national sustainable finance roadmaps as part of efforts to reduce market risk and incentivize green finance flows.
 “At a time when low-income countries across Asia and the Pacific are being adversely impacted by COVID-19, it’s all the more vital for countries to embrace sustainable financial development to build resilience for the future,” said Nena Stoiljkovic, IFC’s Vice President for Asia and Pacific.”