Prince Charles plans new impact bonds for Bangladesh


-- February 5, 2020

Source: Bangla Tribune

Prince Charles, the heir to the British throne, has announced plans for the launch of new development impact bonds in Bangladesh as part of his British Asian Trust charity. Addressing an annual charity gala dinner for the charity in London on Tuesday night, the royal announced that the success of such bonds in other regions of South Asia has resulted in its extension to Bangladesh. “I am so very pleased to announce that the British Asian Trust will soon be launching the first ever Development Impact Bond in Bangladesh,” he told an audience of celebrities and business chiefs. Shayan F. Rahman, the Chair of the British Asian Trust’s Bangladesh Advisory Council, is taking the lead on the initiative and has agreed to provide the seed-funding for the new bonds. “This will be a major programme focussed on skills development, which will bring together private capital with philanthropy to improve the livelihoods of 50,000 young people (aged 14-18) in Bangladesh. Remarkably, it will be the largest Development Impact Bond in the world for unemployed youth,” said Prince Charles. The royal said that the Development Impact Bonds offer an innovative and effective means of reaching the targets set out in the United Nations Sustainable Development Goals. “As the world looks increasingly to innovate around sustainable solutions for both people and planet, the British Asian Trust has really established itself as a leading social finance organisation for South Asia,” he said. Through the Trust’s work in anti-trafficking, improving livelihoods, education and mental health, it claims to have touched the lives of 4.8 million people in India, Pakistan and Sri Lanka, with an expansion of its remit into Bangladesh more recently. The British Asian Trust was founded in 2007 by Prince Charles and a group of British Asian business leaders with a vision to transform lives across South Asia.


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  • A specialized institute that works for the holistic development of children with special educational needs through different programs
  • Include early childhood development programs (ECD), special schooling, therapeutic interventions, medical and neuro-developmental assessment, leisure time and co-curricular activities, training for the teachers, parents and integrated services


Other CSR Initiatives


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  • Charity contributions through the Gono Sahajjo Songstha (GSS) for the educational sector for the unprivileged
  • Free drugs during natural calamities and distribution of clothing during winter
  • As part of BEXIMCO Group’s focus on society development, Fazlur Rahman Foundation has established a project called "FRF Diagnostic Centre". The project provides health screening services for Beximco Pharmaceuticals and Beximco Antibiotics Industries employees.
  • Sponsoring events and national sport stars and teams
  • Official sponsor of the Bangladesh National Cricket team for the ICC Cricket World Cup 2011
  • Official sponsor of the FIFA friendly match between Argentina and Nigeria held in September, 2011