DBH Finance PLC, the specialist housing finance company of the country, signed a new collaboration agreement with International Finance Corporation (IFC) to work on development of Green Housing in Bangladesh. DBH and IFC are already engaged in a program to promote ‘Affordable Housing in Bangladesh’ which is ongoing from 2022. Building on that successful partnership, under this new initiative IFC will provide service to DBH to enhance opportunities for green financing within the housing sector and enabling it to develop a value proposition for its clients interested in green financing, according to press release.
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Nasimul Baten, MD & CEO of DBH Finance PLC and Martin Holtmann, Country Manager of IFC for Bangladesh, Bhutan and Nepal carried out the signing procedure for their respective organizations. Mehdi Cherkaoui, South Asia Manager (FIG Upstream and Advisory) for IFC, A. K. M. Tanvir Kamal, DMD & COO of DBH Finance PLC and other senior officials from both organizations attended the signing ceremony.
This partnership with IFC will help DBH to develop its capacity to support individual clients and developers for financing in green housing projects, both for self-built and developer-built projects. This new collaboration with IFC underscores DBH’s strong commitment to foster sustainable growth of affordable and green housing in Bangladesh, the press release says.
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