Bangladesh is one of the most climate vulnerable countries in the world. Frequent and severe natural disasters, as well as floods, torrential rains, erosion, cyclonic storms, tidal surges, and rising sea levels, pose persistent threats. Nearly a third of the country is susceptible to tidal inundation, and 70% of the country floods during heavy monsoons. Sixty percent of worldwide cyclone deaths between 1990 and 2010 occurred in Bangladesh. Despite impressive economic and social progress made in the past decade, looming geographic and demographic trends, as well as the urgent and daunting threats posed by climate change, have pushed the government of Bangladesh to place renewed efforts on mainstreaming climate change in development policy and planning.
...the percent of the land area impacted by flooding during heavy monsoons
US$110 million in grants (45%) and near-zero interest credits (55%) from the Pilot Program for Climate Resilience (PPCR) will enable Bangladesh to make strategic investments in critical areas of climate resilience planning and implementation in a manner consistent with its poverty reduction and sustainable development objectives. Bangladesh’s PPCR investment plan was designed under the leadership of the government, in coordination with the Asian Development Bank (ADB), members of the World Bank Group (IBRD, IDA, IFC), key Bangladeshi stakeholders, and other development partners. Project financing will focus on improving climate resilient agriculture and food security, strengthening the security and reliability of fresh water supply, sanitation, and infrastructure, and enhancing the resilience of coastal communities and infrastructure. Technical assistance aimed at enabling Bangladesh to better assess and address the effects of climate change will support capacity development and knowledge management initiatives, as well as a coastal housing feasibility study.