Representatives recently participated in a workshop on identifying priority projects to access international climate finance at the Bangabandhu International Conference Center in Dhaka. – Press release
A consultation workshop on identifying priority projects to access international climate finance was held recently at the Bangabandhu International Conference Center in Dhaka, according to a press release.
The Economic Relations Division of the Ministry of Finance and the project for improving the coordination of international climate finance implemented by GIZ on behalf of the German Federal Government jointly organized the workshop.
The objective of the workshop was to engage relevant stakeholders from sector ministries, financial institutions and the private sector to collectively identify and prioritize climate change project ideas to access international climate finance for Bangladesh.
The workshop also aimed to create a better understanding among stakeholders on the role of DRE, in the process of matching climate change project proposals with international sources of climate finance.
Amal Krishna Mandal, Co-Secretary and Head of the Economic Relations Division Wing, said in her welcome speech, “We are unable to be effective in increasing climate finance because it This is a difficult and time-consuming process.” The ICICF project aims to develop institutional structures, processes and capacities to increase access to different climate funds. It has three components – one of which will be managed by us, the other through the Governance Innovation Unit of the Prime Minister’s Office and the other by the Bangladesh Bank. In addition, ERD will set up an international climate finance cell to coordinate international climate finance through this cell.
Md Ruhul Amin Talukder, Additional Secretary in the Ministry of Agriculture, said: “Bangladesh is at the frontline of countries at risk from climate change and agriculture being one of the most affected sectors. To address this risk, Bangladesh needs adequate assistance from international climate funds. We have already contacted various development partners in this regard and hope to receive the necessary funding through the combined efforts of various stakeholders. I thank ERD and GIZ for organizing such a timely workshop to discuss this important topic.
ICICF Project Senior Advisor, GIZ, Firdaus Ara Hussain briefly explained the scope of work of the German technical assistance project to the participants. She said: “Bangladesh’s hard-earned economic development is under threat due to climate change and existing sources of funding will not be sufficient to address the adverse effects of climate change. ERD proactively seeks to tap into new sources of funding and recognizes its leeway to explore additional sources of external resource mobilization for climate change.
The ICICF project will support ERD to build the capacity of national and local actors to access different sources of funding for climate change projects.
Climate change expert SM Munjurul Hannan Khan started the technical session by providing an overview of interviews previously conducted by the project with relevant stakeholders to discuss priority areas for action on climate change in Bangladesh.
Ideas for potential climate change projects from different sectors were presented, after which participants identified priority projects based on predefined prioritization criteria.