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Textiles
EIB Global backs Bangladesh's green shift with $68.4 mn
09 Jul '26
2 min read
Pic: The European Investment Bank
Insights
EIB Global and BRAC Bank PLC have agreed a €60 million (~$68.4 million), 12-year financing package for Bangladesh.
The facility targets green and circular investments, including a €20 million framework loan for ready-made garment, textile and export-focused sectors.
Suppliers serving EU buyers may gain longer-term funding to upgrade cleaner production and resource efficiency.
EIB Global, the development arm of the European Investment Bank (EIB), has announced a €60 million (~$68.4 million) financing agreement with BRAC Bank PLC to support Bangladesh's green transition, including funding for circular and cleaner production investments by local companies.
The 12-year facility comprises a €40 million (~$45.6 million) microfinance loan and a €20 million framework loan, and it is the longest-tenor funding ever extended by a development finance institution to a commercial bank in Bangladesh, EIB Global said in a press release.
EIB Global and BRAC Bank PLC have agreed a €60 million (~$68.4 million), 12-year financing package for Bangladesh.
The facility targets green and circular investments, including a €20 million framework loan for ready-made garment, textile and export-focused sectors.
Suppliers serving EU buyers may gain longer-term funding to upgrade cleaner production and resource efficiency.
The €40 million loan is expected to support more than 2,500 small enterprises in Bangladesh, enabling investments in cleaner production, resource efficiency, waste reduction, renewable energy and modern equipment.
Eligible initiatives may include rooftop solar photovoltaic systems, greener buildings, improved waste management, electric two-and three-wheel vehicles, clean cooking solutions, and access to safe water through rainwater harvesti
