The Green Climate Fund (GCF) has approved two project proposals of Palli Karma Sahayak Foundation (PKSF) to combat the adverse impacts of climate change.
The $50 million "Resilient Homestead and Livelihood Support to the Vulnerable Coastal People of Bangladesh (RHL)" project will enhance climate resilience for the vulnerable coastal communities, and the $30 million "Extended Community Climate Change Project-Drought (ECCCP-Drought)" aims to increase the resilience of the people living in the drought-prone areas of Bangladesh, reads a press release.
The GCF Board approved the project proposals in its 36th meeting held in Incheon, South Korea on 13 July 2023. PKSF is a 'Direct Access Entity' of GCF, established under the United Nations Framework Convention on Climate Change (UNFCCC).
The 5-year RHL project will finance the development of climate-resilient housing and salinity-resilient livelihood technologies while raising awareness about the impacts of climate change among more than 362,475 vulnerable people in seven coastal districts.
On the other hand, the 4-year ECCCP-Drought project will assist in installing water infrastructure, re-excavating existing ponds and canals, following drought-adaptive cropping patterns and planting drought-tolerant crop varieties, directly benefitting more than 215,000 people in three drought-prone northwestern districts of Bangladesh.
Earlier, PKSF implemented two projects financed by GCF.