Dhaka, June 19 -- The Asian Development Bank (ADB) on Thursday 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), according to a press release.

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It said that Under CRIDP, the Bangladesh Climate Development Partnership will be established to secure climate finance and help government minist...