ADB Approves $400 Million for Resilient, Inclusive Development in Bangladesh
Bangladesh, June 20 -- The Asian Development Bank (ADB) today approved a $400 million loan to help Bangladesh enhance its resilience against climate impacts, cut emissions in climate-critical sectors, and promote inclusive development.The funding will support the second phase of the Climate-Resilient Inclusive Development Program (CRIDP), which includes nearly $113 million in cofinancing from the Agence Francaise de Developpement, and $400 million from the Asian Infrastructure Investment Bank (AIIB). Under CRIDP, the Bangladesh Climate Development Partnership will be established to secure climate finance and help government ministries to develop, implement, monitor and evaluate climate projects more effectively. A new framework will scale u...
To read the full article or to get the complete feed from this publication, please
Contact Us.