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Dhaka Tribune

Bangladesh to get $20m for natural risk management

Update : 22 Nov 2016, 07:12 PM
Bangladesh will get $20 million for reducing the risks of damages caused by natural disasters and climate change. The United Nations (UN), the European Union (EU) and Sweden have joined together to provide the fund to address the country's key climate change priorities as set out in the seventh Five Year Plan. The project will be implemented in the next four years in seven of the most vulnerable districts, making 200,000 households better prepared for reducing the risks of damages caused by natural disasters and climate change. The project will also set a mechanism to allow the local government institutions and vulnerable households to get access directly to the knowledge, technology and financing necessary to adapt to climate change. "Projects like LoGIC could be extremely useful to harness the potential of local communities through engaging them to develop the Local Development Plan," Senior Secretary of ERD, Mohammad Mejbahuddin, said in launching the programme. EU Ambassador Pierre Mayaudon, Swedish Ambassador Johan Frisell and UN Resident Coordinator Robert Watkins also spoke on the occasion. Mayaudon said the EU is glad to be a partner of the government and the people of Bangladesh in increasing resilience and better preparedness for reducing the risk of climate change, something he called a "big threat to humanity". Johan Frisell said Sweden is enthusiastic about supporting investments close to vulnerable communities and households. "(These) will build resilience in the face of climate change and contribute to poverty alleviation," the ambassador said. Robert Watkins said the onset of climate change is a major risk factor for Bangladesh as it strives to become a middle income country and achieve higher growth. "Bangladesh has set a positive example in this regard as the country became one of the first few nations to mobilise own resources to tackle climate change," he said.
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