Global climate fund approves PKSF as accredited entity

Staff Correspondent | Published: 01:02, Oct 13,2017

 
 

Global climate change financing agency, the Green Climate Fund, has accredited Palli Karma-Sahayak Foundation as the national implementing entity.
The foundation chairman Qazi Kholiquzzaman Ahmad disclosed the GCF decision on Thursday in a view exchange meeting with journalists at PKSF headquarters in Dhaka.
On October 2, the GCF approved PKSF’s accreditation in its 18th board meeting held in Egyptian capital Cairo.
Kholiquzzaman said that PKSF as the national implementation entity of the GCF would develop and process funding proposals for climate change projects in the country.
PKSF managing director Abdul Karim, deputy managing directors Fazlul Kader, Jashim Uddin and Golam Touhid were present at the meeting.
With the accreditation, PKSF joined the elite club of 59 globally reputed organisations including UNDP, World Bank, Asian Development Bank and International Fund for Agricultural Development.
The Infrastructure Development Company Limited got the GCF’s first accreditation in Bangladesh.
According to the GCF web page, its board also approved 11 new climate projects and programmes valued around US $392.86 million to assist developing countries.
In 2010, the GCF was set up by the 194 countries, who are parties to the United Nations Framework Convention on Climate Change.
The fund was created to ensure climate resilient development in the climate change affected countries.

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