Dhaka, Nov. 5 -- Transparency International Bangladesh (TIB) has revealed that over half of the funds allocated to climate projects from the national budget during the previous Awami League (AL) administration were lost to corruption.
From 2010 to 2024, the Bangladesh Climate Change Trust Fund (BCCT) approved project allocations worth $458.5 million, of which an estimated $248.4 million (Tk 21.106 billion) was misappropriated, affecting 54 percent of total allocations, the TIB report said.
The findings, presented at a briefing at the MIDAS Center in Dhanmondi on Tuesday, were part of TIB's research titled "Challenges and Way Forward in Ensuring Good Governance in Climate Finance in Bangladesh."
According to the report, many projects were...