Bangladesh

Despite impressive economic and social progress, geographic, demographic, and climatic trends have pushed Bangladesh to intensify efforts to mainstream climate change in development policy and planning and to increase energy access through renewables.

INVESTING IN BANGLADESH

In line with its poverty reduction and sustainable development objectives, the government of Bangladesh is investing CIF funds in climate resilience planning and projects across critical sectors and in developing domestic renewable energy resources. A total of $110 million in grants and near-zero interest credits from the PPCR is 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.

Another $75 million in grants and low-cost financing from the SREP is helping to kick-start investment in utility-scale renewable energy projects and expand off-grid solar markets. By targeting regulatory, financial, and technical barriers, SREP financing aims to attract early investors, keep the cost of energy more affordable for customers, and demonstrate market potential to stimulate future investment.

FACTS ABOUT BANGLADESH

Bangladesh is among the most vulnerable countries to flooding and climate change

70%

of the land area is impacted by flooding during heavy monsoons

Projects in Bangladesh

NAME FUND FUNDING (USD MILLION) COFINANCING (USD MILLION) MDB
  Climate Change Capacity Building and Knowledge Management FUNDPilot Program for Climate Resilience COFINANCING (USD MILLION) 0.32 FUNDING (USD MILLION) 0.10 MDBADB  
  Climate Smart SME Financing FUNDPilot Program for Climate Resilience COFINANCING (USD MILLION) 10.00 FUNDING (USD MILLION) 12.00 MDBIFC  
  Coastal Climate Resilient Infrastructure Project FUNDPilot Program for Climate Resilience COFINANCING (USD MILLION) 30.00 FUNDING (USD MILLION) 120.00 MDBADB  
  Coastal Embankment Improvement Project Phase I (CEIP-I) FUNDPilot Program for Climate Resilience COFINANCING (USD MILLION) 25.00 FUNDING (USD MILLION) 375.00 MDBIBRD  
  Coastal Towns Infrastructure Improvement Project FUNDPilot Program for Climate Resilience COFINANCING (USD MILLION) 40.40 FUNDING (USD MILLION) 76.70 MDBADB  
  Investment Project 1 “Promoting Climate Resilient Agriculture and Food Security” / Climate Smart SME Financing FUNDPilot Program for Climate Resilience COFINANCING (USD MILLION) 3.00 FUNDING (USD MILLION) 0.68 MDBIFC  
  Off-Grid Solar PV-Solar Irrigation FUNDScaling Up Renewable Energy Program in Low Income Countries COFINANCING (USD MILLION) 22.22 FUNDING (USD MILLION) MDBADB  
  Scaling Up Renewable Energy FUNDScaling Up Renewable Energy Program in Low Income Countries COFINANCING (USD MILLION) 29.25 FUNDING (USD MILLION) 402.50 MDBIBRD  
  Technical Assistance Project 2 “ Feasibility Study for a Pilot Program of Climate Resilient Housing in the Coastal Region” FUNDPilot Program for Climate Resilience COFINANCING (USD MILLION) 0.40 FUNDING (USD MILLION) 0.33 MDBIFC  

TRANSFORMING VISION INTO ACTION

The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding. Together, they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.

Knowledge Center

  • Publications
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  • Sep 11, 2018
SREP Monitoring and Reporting Toolkit