Infrastructure Development Company Limited (IDCOL), a Government of Bangladesh owned Non-Banking Financial Institution won the Financial Innovation Award (FIA) 2019 under the category of Best Sustainable Finance Initiative for implementing the Solar Irrigation Pump Projects.
The award was given to IDCOL based on the successful introduction of green finance initiative to smallholder collectives and farmers through an innovative business model, said press release.
IDCOL is the first organization from Bangladesh that received this prestigious award.
S.M. Monirul Islam, Deputy CEO and CFO of IDCOL received the award on behalf of IDCOL at an award ceremony held at a hotel in the United Kingdom on 21 November 2019.