Update Climate Fiscal Framework for effective financing
The Climate Fiscal Framework, instituted in 2014, should be updated to be more citizen centric, said speakers yesterday at Validation Workshop on Climate Fiscal Framework (CFF), organised by Inclusive Budgeting and Financing for Climate Resilience (IBFCR) project of the Finance Division and United Nations Development Programme (UNDP).
Mohammad Muslim Chowdhury, comptroller and auditor general of Bangladesh, spoke as chief guest. “Whole of society approach is necessary for financing and ensuring transparency and accountability in using the funds,” he said.
Sudipto Mukerjee, resident representative of UNDP Bangladesh, addressing as special guest, said, “CFF has a very clear focus on marginalised people. Updating CFF will ensure the inclusion of private sector, NGOs as well as government bodies for building resilience.” He also assured the support of UNDP to any government initiative on climate change in future.
Ramendra Nath Biswas, additional secretary to finance division and project director of IBFCR, in his welcome remarks said, “Bangladesh is on a development highway, but the growth is being stunted due to the adverse effects of climate change. In this context, the Finance Division is trying to manage fiscal inputs and other issues related to this project to enhance climate finance governance.”