Climate-linked funds are failing to deliver their intended benefits and defaults are weakening the banking sector. While public funds meant to support sustainable growth are misallocated, the cost of failure is ultimately borne by depositors and the economy.

Tk 10,000cr fund for cleaner and greener factories eludes SMEs, while influential conglomerates capture financing and default on repayments

It is expected that the NCQG will establish a comprehensive definition of climate finance, promoting consistency and transparency in climate finance reporting.