Climate Fund use
Climate Fund use
Capacity building needed
AS one of the most vulnerable countries in the world , being exposed to threats of climate change , Bangladesh is a natural claimant to its share of adaptation and mitigation funds. That's why it devolves upon Bangladesh a responsibility to set an example in the use of such funds and show that our integrity and efficiency are beyond question.
In fact , to gain access to $9.3 billion international green climate fund we need to ensure capacity building with emphasis on transparency and accountability. At a recent discussion held by Tranparency International Bangladesh (TIB), it was revealed that the authorities couldn't ensure proper implementation of projects under Bangladesh Climate Change Trust Fund ( BCCTF) and Bangladesh Climate Change Resilience Fund (BCCRF). At least 85 projects were supposed to have been completed by the first half of 2009, but only 20 percent of the works was done.
As against this slow paced implementation , 70-80 percent of the projects' funds has been released. It is, therefore , critically important that we not only accelerate the pace of project implementation but also ensure that in terms of transparency and accountability we are above board.
Both in terms of utilising funds in hand as well as gaining access to new funds it's imperative that we apply due diligence and vigil.