Brac and the German Development Bank have jointly set up a trust fund titled "Climate Bridge Fund" with an initial amount of 11.735 million Euro with a view to strengthening the resilience of climate vulnerable communities in Bangladesh.
The "Climate Bridge Fund", initiated in November 2019, has been developed through a collaboration between the two organisations.
At the beginning, the fund will be spent to support vulnerable communities in Khulna, Barishal, Rajshahi, Satkhira and Sirajganj areas who are either displaced or at the risk of being displaced under the impact of climate change.
In this connection, a ceremony was held at Brac centre in the city on Wednesday.
Abdullah Al Mohsin Chowdhury, secretary to the defence ministry, was chief guest at the function.
Asif Saleh, executive director of Brac, said, "Climate change is a critical challenge globally, and this will be the key focus of Brac for the next five years. This fund is a unique initiative for Bangladesh which will encourage and enable sustainable operations, turning traditional development projects into climate change projects."
Anirban Kundu, country director of the German Development Bank, said, "They feel proud to establish the climate bridge fund together with Brac."
Peter Fahrenholtz, German ambassador in Dhaka, said, "Germany is contributing significantly to the climate change fund. We are the second largest donor of the global environmental funding. The Climate Bridge Fund is also part of our government's commitment to work on climate change impact."