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.
Source: World Bank
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.
Bangladesh is among the most vulnerable countries to flooding and climate change
|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) 29.55||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|
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.