Expression of Interest For Green Finance Market Assessment

Expression of Interest are invited for Green Finance Market Assessment in Bangladesh IFC seeks a firm to conduct a detailed market assessment on the green financing market in Bangladesh, including a deep dive into three or four high-potential sectors, to identify areas of challenge and opportunity for green investments in the country and provide recommendations to unlock financing in these areas. The proposed assessment will cover, but not be limited to, the following aspects of the green finance market and will build upon existing research and studies already available for this market segment. Different methodologies may need to be applied to different components of the study. A. Market Assessment a. Using an approach that is a combination of primary and secondary research and intensive stakeholder consultations, understand the overall market potential and readiness for green financing by financial institutions in the current macroeconomic environment, including a review of priority sectors and projects guided by the updated Nationally Determined Contributions, the Sustainable Finance Policy for Banks and Financial Institutions, and other green/climate-related policies issued by the Government of Bangladesh. b. Review current green finance targets set by the Bangladesh Bank, degree of compliance and target achievement, barriers and concerns of FIs in meeting the targets and/or success areas, sectors where FIs have had success and difficulty with green finance etc. c. Conduct a desk review of green sectors that help FIs achieve their 5% green finance target (e.g., large solar) and use existing assessments on such sectors that have already been conducted to identify market opportunity, success/failure causes, innovative green financing instruments that have been successfully deployed so far etc. d. Discuss current understanding and progress made by financial institutions in green financing and challenges faced, e.g., capacity constraints withing financial institutions, lack of bankable projects, low demands of green products from the clientele, perceived risks and high costs e. Summarize key issues and challenges that hinder green investments, including regulatory gaps, policy fragmentation, existing refinancing process, insufficient data availability, etc. f. Identify (and confirm with IFC) 3-4 priority sectors through the above analysis with high investment potential and impact to assess prevailing market gaps and opportunities. Estimate the broad financing potential under each sector/subsector (some potential areas of focus are listed in Section B below). g. Identify key financing instruments in each sector/subsector h. Identify key stakeholders, both private and public, where IFC can collaborate for market creation, investments, and sectoral interventions. i. Identify technical assistance and capacity building needs of stakeholders especially FIs. j. Conduct a detailed deep dive into each of the identified 3-4 priority sectors as outlined below. Tender Link : https://wbgeprocure-rfxnow.worldbank.org/rfxnow/public/advertisement/5260/view.html

Refer document

FileName	File Description
Global Tender Document	Tender Notice