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WB to provide $300m for BD clean air project: Rizwana

Published : Monday, 30 September, 2024 at 12:00 AM  Count : 80
Business Correspondent
The World Bank (WB) will provide USD 300 million to support the Bangladesh Clean Air Project (BCAP).
This initiative aims to strengthen air quality management and reduce emissions from key sectors. The project will be funded by an IDA credit, along with a potential grant for clean cooking initiatives as part of the National Air Quality Management Plan.

Syeda Rizwana Hasan, Adviser to the Ministry of Environment, Forest, Climate Change, and Water Resources, announced this following a high-level meeting with Martin Raiser, Vice President of the WB South Asia Region, and Abdoulaye Seck, the WB Country Director for Bangladesh, at the environment ministry, on Sunday.
During the meeting, the Environment Adviser also requested the WB's assistance in waste management and the restoration of Dhaka's canals to create a "blue network."

She further mentioned the possibility of support for a Loss and Damage Fund, as well as aid in implementing the National Adaptation Plan (NAP).

The adviser highlighted the government's strong commitment to environmental protection and sustainable development, stressing the importance of integrated approaches to water resource management and climate change mitigation.

WB Vice President Martin Raiser commended Bangladesh's efforts to implement progressive environmental policies and affirmed the Bank's support in aligning these efforts with global best practices. Abdoulaye Seck, Bangladesh Country Director, emphasised the importance of international collaboration and strategic investments to achieve long-term sustainability goals.

The Secretary of the Ministry of Environment and Water Resources, the Additional Secretary of the Environment Ministry, and other officials from both the Ministry and the World Bank were also present at the meeting.

The discussions concluded with both sides committing to deeper cooperation on environmental governance, climate resilience, and water resource management, with a mutual goal of working towards a sustainable future for Bangladesh.



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