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Bangladesh launches refinancing scheme for green transition of industries

DHAKA, Dec. 8 (Xinhua) — The central bank of Bangladesh has rolled out a 50 billion taka (about 500 million U.S. dollars) refinance scheme to help industries go green with energy-efficient and environment-friendly capital machinery.

Under the scheme named “Green Transition Fund”, Bangladesh Bank said it will help borrowers to replace their existing capital machinery, which are harmful to the environment.