Writing for leading magazine, Global Banking and Finance Review, Alexander Rost, Regional Head Indian Subcontinent & ASEAN at Commerzbank, stresses that diversified and higher-value export trade is crucial to ensuring that Bangladesh continues on its promising development path. Key to this will be collaboration between local and global banks – those institutions with the infrastructure to facilitate trade flows.
Yet with sustainability rising high on the agenda for global corporates, Rost also notes that Bangladesh must do all it can to ensure that environmental, social and governance (ESG) risks do not dissuade foreign trade partners from engaging in the country’s growth. He argues that, again, the banks will be crucial: while the central bank can channel investment into ‘green’ enterprises, global banks will play their part in shielding global companies from reputational risks in Bangladesh, and identifying reliable, sustainable trade partners on the ground.
Read the article online here, on pages 121-123.