Bangladesh secures $30m climate grant for coastal communities

Bangladesh is set to receive $30 million from the Green Climate Fund to finance vital adaptation projects for communities living across its vulnerable coastal regions. Shaikh Faridul Islam, State Minister for Climate and Environment, confirmed the grant while speaking at the Bangladesh Pavilion in Antalya, Turkiye.

The country is among six nations selected to receive financial allocations from the global climate body. During the briefing, the state minister stressed the necessity of grant-based international funding over commercial loans, urging partners like the World Bank and Asian Development Bank to improve terms for frontline states.

Despite acute environmental vulnerabilities, Bangladesh currently covers roughly 88 per cent of its adaptation expenditure from its own national budget while monitoring spending across 25 government departments. Officials noted that sustained global funding remains essential to safeguard development milestones and local livelihoods.

Source: bdnews24