BRAC, Germany set up climate fund

Diplomatic Correspondent | Published: 00:18, Jan 16,2020


German ambassador Peter Fahrenholtz, defence secretary Abdullah Al Mohsin Chowdhury and BRAC executive director Asif Saleh pose for a photo during the launch of Climate Bridge Fund in Dhaka on Wednesday. — Press release

BRAC and the German government on Wednesday jointly launched a trust fund called Climate Bridge Fund to operate in Bangladesh with an initial amount of Euro 11.735 million.

The German government is represented by the KfW, a German  state-owned development bank, in the initiative.

The fund was set up with the objective to strengthen the resilience of climate vulnerable communities in Khulna, Barishal, Rajshahi, Satkhira and Sirajganj, according to a press release.

German ambassador Peter Fahrenholtz said, at a fund launching ceremony in Dhaka, that Germany was committed to continue financing adaptation in the least developed and emerging countries.

BRAC executive director Asif Saleh called the fund a unique initiative for Bangladesh which would encourage sustainable operations and scaling up of traditional development projects into climate change projects.

Defence secretary Abdullah Mohsin Chowdhury, BRAC University emeritus professor Ainun Nishat, International Centre for Climate Change and Development director Saleemul Huq, WaterAid Bangladesh country director Hasin Jahan and the KfW country director Anirban Kundu were present on the occasion.

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