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France offers 300m euro climate policy loan to BD

Published : Monday, 8 July, 2024 at 12:00 AM  Count : 340
Special Correspondent
The French government, through its development agency AFD, is offering a climate policy loan support of 300 million euros ($324 million), a release of the Minister of Environment, Forest and Climate Change (MoEFCC) said on Sunday.

Bangladesh and France have also agreed to work jointly on restoring and protecting the Sundarbans, including mangrove plantation and community-based forest fire management.

These are the outcomes of a meeting between the Minister of Environment, Forest and Climate Change, Saber Hossain Chowdhury and Ambassador of France in Bangladesh Marie Masdupuy on Sunday at Bangladesh Secretariat.

"France-Bangladesh Adaptation Pact signifies a robust partnership aimed at addressing the urgent challenges of climate change," Saber Chowdhury said.

During a meeting with the Discussions emphasized the need for a targeted capacity-building program. The MoEFCC will submit project concepts under the Ecosystem, Wetland and Biodiversity sector of the NAP to access initial funding. AFD has requested the MoEFCCs formal project request to secure the first tranche of 4 million euros for 2024, the release said.

Saber Hossain Chowdhury said the France-Bangladesh Adaptation Pact signifies a robust partnership aimed at addressing the urgent challenges of climate change. This collaborative effort aims to expedite Bangladeshs adaptation strategies while securing additional funding for climate resilience projects.

MoEFCC stressed the need for technical support to meet specific indicators, particularly those related to the Enhanced Transparency Framework.

The meeting focused on finalizing the France-Bangladesh Adaptation Pact. The MoEFCC proposed resource allocation aligns with national priorities. The timeline for the Pact is set from September 2023 to August 2028. The French delegation expressed willingness to align interventions with Bangladeshs National Adaptation Plan (NAP) during the implementation phase.

The meeting highlighted projects aimed at restoring and protecting the Sundarbans, including mangrove plantation and community-based forest fire management.



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