Climate Fund: EU channels £8.5m
The European Union (EU) has contributed 8.5 million pounds to Bangladesh Climate Change Resilience Fund (BCCRF) to help face climate change multiple impacts.
The government and the EU signed an agreement to this end recently, said an EU statement.
The fund aims to support until 2015 climate change adaptation, mitigation and disaster risk reduction measures.
Bangladesh Climate Change Strategy and Action Plan (BCCSAP) is the heart of the BCCRF.
The fund is managed under the supervision of the ministry of environment and forests and supported by a number of development partners, including the United Kingdom, Denmark, Sweden, World Bank and also the EU.
Other development partners have shown keen interest to contribute to the fund in the near future, the statement said.
The BCCRF provides the government with a mechanism to manage the substantial international support in this area in a way that facilitates high-level coordination, donor harmonisation with a maximum flexibility in fund management and transparency, it added.
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