IFC issues EoIs for green bond advisers in Bangladesh
On 29 October, IFC issued a request for expressions of interest (EoIs) from consulting firms to assist Bangladesh’s central bank - Bangladesh Bank - to co-develop guidelines and standards on green bonds. Responses are due by 10 November, and the IFC anticipates the selected adviser to start next month.
The assignment covers the instrument’s technical specifications and eligible green project activities, or green taxonomy. An element of the assignment will be to update Bangladesh Bank’s definitions of green project and initiatives.
The existing taxonomy covers 55 green products, projects and initiatives in 8 categories: alternative energy; energy and resource efficiency; environment-friendly brick production; green environment-friendly establishments; liquid and solid waste management; recycling and manufacturing of recyclable goods; and renewable energy.
Another aspect of the assignment will be to develop guidelines that include: use of proceeds; process for project evaluation and selection; management of proceeds; and reporting.
The chosen adviser should have a team based in Bangladesh.
