Programmatic approaches could be used to extend sustainable finance to the agricultural and SME sectors.
For example, as Bangladesh Bank encourages financial institutions to support entrepreneurs, sustainable finance frameworks could encourage banks and financial institutions to engage with the agricultural sector.
Such a program could include:
• providing farmers with the understanding and skills they need to access financial services, including both credit and insurance (this could take the form of a help desk); and
• training farmers on climate-smart agricultural practices, so that they better understand the adverse effects of climate change on their production systems and how climate-smart practices could enable them to better mitigate and manage risk.