In a report titled “Donors commit $4.25b in this year’s BDF: Kamal” published on February 4, The Daily Star wrote Bangladesh has never received any fund from the Green Climate Fund (GCF). The GCF yesterday claimed in a rejoinder that the information is incorrect.
“Nearly $100 million from the Green Climate Fund was approved for Bangladesh…GCF has also provided $5 million in readiness grants to build institutional capacity in Bangladesh,” it said. It was also said GCF deputy executive director Javier Manzanares had expressed willingness to extend $1.2 billion to Bangladesh for four years, according to GCF.
“The GCF Board alone holds the authority to approve or reject funding proposals submitted for Bangladesh. The 1.2 billion figure is the value of the pipeline of projects that have been submitted for Bangladesh,” an email sent by GCF’s head of communications read.
The Daily Star wrote the report based on the comments of Finance Minister AHM Mustafa Kamal. However, we regret any confusion this may have caused.