Bangladesh Bank on Wednesday asked banks to allocate 60% of their CSR (corporate social responsibility) expenditure for the health sector considering the current context of the pandemic.
According to a circular of the BB, scheduled banks were asked to spend 60% of their CSR fund for health sector, 30% for education and 10% for climate risk related projects.
The 60% CSR expenditure in the health sector should be ensured considering the current context of COVID-19, it clarified.
It has become vital to take various steps for the health sector to deal with the crisis in the country’s public health due to the outbreak of the global epidemic, the circular adds.
The central bank also recommended banks to cooperate with the health sector establishments through regular activities and providing essential medical equipment supplies to those are engaged in providing health care services.