Bangladesh is one of the most vulnerable countries (MVCs) due to negative impacts of climate change. The country topped in Climate Vulnerability Indexes prepared by Mapplecroft, Professor Dr. Sulivan and GermanWatch. Bangladesh is also pioneer in domestic financing for climate adaptation, mitigation and resilience. At the same time, there is a good number of allegations of corruption, malpractice, nepotism and poor skills against the government agencies raised by civil society, media and research institutions. Although the Bangladesh Climate Change Strategy and Action Plan (BCCSAP) confirms that the country will not take any loan in Climate Change sector, the government has taken a number of loan from Asian Development Bank (ADB) and World Bank.
So far Bangladesh received financial resources from the following multilateral institutions and initiatives:
- Bangladesh Climate Change Resilience Fund (BCCRF) supported by bilateral development partners (Annex-1 Countries) and managed by World Bank
- Bangladesh Climate Change Trust Fund (BCCTF) under Ministry of Environment, Forest and Climate Change (MOEFC)
- Climate Investment Funds (CIF) governed by World Bank and implemented by Asian Development Bank, International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), European Bank for Reconstruction and Development (EBRD) etc.
- Forest Investment Program (FIP) under CIF: Forest Investment Programme (FIP) 2017. Forest Department, Ministry of Environment and Forests (MOEF), Dhaka: 2017
- Green Climate Fund (GCF) under United Nations Framework Convention on Climate Change (UNFCCC)
- Pilot Program on Climate Resilience (PPCR) under CIF: Strategic Program for Climate Resilience 2010. Economic Relations Division (ERD), Ministry of Finance (MOF), Dhaka: 29 September 2010
- Scaling Up Renewable Energy in Low Income Countries Program (SREP) under CIF: SREP Investment Plan for Bangladesh 2015. Sustainable and Renewable Development Authority (SREDA), Power Division. Ministry of Power, Energy and Mineral Resources (MOPEMR), Dhaka: October 2015