{"id":7602,"date":"2024-05-04T13:48:32","date_gmt":"2024-05-04T10:18:32","guid":{"rendered":"https:\/\/dailyenglishtimes.com\/?p=7602"},"modified":"2024-05-04T13:48:32","modified_gmt":"2024-05-04T10:18:32","slug":"ali-for-greater-trust-among-countries-to-leverage-cross-border-energy-trade","status":"publish","type":"post","link":"https:\/\/dailyenglishtimes.com\/?p=7602","title":{"rendered":"Ali for greater trust among countries to leverage cross border energy trade\u00a0"},"content":{"rendered":"
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Finance Minister Abul Hassan Mahmood Ali has said building greater trust and confidence among countries could be the key to leverage enormous opportunities for cross border energy trade and attract international finance in energy transition projects in South Asia. He spoke at a SASEC Knowledge Event titled “Financing the Clean Energy Transition in South Asia” as a panelist on the 2nd day of the ADB Annual Meeting 2024 in Tbilisi.\u00a0 In his intervention, the Finance Minister presented Bangladesh’s vision for clean and green energy transition.\u00a0 He focused on building greater trust and confidence among South Asian countries to leverage their additional capacities in hydro, solar and other non-fossil fuel sources for meeting region’s growing energy needs in a sustainable manner, said a press release here today.\u00a0 Citing personal anecdotes on a number of South Asian projects, the Finance Minister put emphasis on creating enabling environment for domestic and foreign investors to bring finances in bankable energy projects.\u00a0 He sought ADB’s support to this connection.\u00a0 On the sidelines, ERD Secretary and Alternate Governor of Bangladesh to ADB Shahriar Kader Siddiky met the US delegation headed by Alexia Latortue, Assistant Secretary for International Trade and Development, US Treasury for discussing climate cooperation and the progresses attained on financial and fiscal sector reforms.\u00a0 Clinging to the interest of US delegation, the ERD Secretary revealed Bangladesh’s expectations from the ‘Bangladesh Climate and Development Platform’ (BCDP) which has been formed recently by Bangladesh partners to leverage international adaptation and mitigation investments.\u00a0 Stressing upon accessing larger concessional and blended climate finance along with easing access to finance, the ERD Secretary also cited that huge investment would be required for Bangladesh’s climate transition. So, Bangladesh perceives that BCDP financing will be in excess to the development partners’ regular interventions in the climate field, he added. The Bangladesh and US delegations also exchanged views on the reforms Bangladesh is currently undertaking for consolidating financial and fiscal discipline.\u00a0 The ERD Secretary apprised the US delegation that reforms are on track. He sought the US support for implementing the long-term economic vision of Bangladesh towards building ‘Smart Bangladesh’ by 2041.<\/h4>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Finance Minister Abul Hassan Mahmood Ali has said building greater trust and confidence among countries could be the key to leverage enormous opportunities for cross border energy trade and attract international finance in energy transition projects in South Asia. He spoke at a SASEC Knowledge Event titled “Financing the Clean Energy Transition in South Asia” as a panelist on the 2nd day of the ADB Annual Meeting 2024 in Tbilisi.\u00a0 In his intervention, the Finance Minister presented Bangladesh’s vision for clean and green energy transition.\u00a0 He focused on building greater<\/p>\n","protected":false},"author":1,"featured_media":7603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":{"facebook_5980380192037842_108390337697511":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[],"class_list":["post-7602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bangladesh"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7602"}],"version-history":[{"count":2,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7602\/revisions"}],"predecessor-version":[{"id":7605,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7602\/revisions\/7605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/media\/7603"}],"wp:attachment":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}