Apr 21, 2014, 10:37 am (BST)
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World Bank under fire for climate fund disbursement
 
DHAKA, April 9 (BSS) - The World Bank, fiduciary manager of Bangladesh Climate Change Resilience Fund (BCCRF) today came under fire at an independent watchdog body's opinion sharing meeting for allegedly dilly dallying the climate fund release even after two years of its creation.

Leaders of civil society, climate experts pointed out that the Bank has failed to release the BCCRF money for infrastructure development in the areas hit by climatic disorder like cyclones and floods.

Since launching of the BCCRF, they said, the Bank could only allocate money for three projects while during the same period Bangladesh Climate Chance Trust Fund (BCCTF), created by national budgetary allocation, already released fund for 82 projects being implemented by different ministries, departments and agencies.

They made their observations while taking part at the discussion on 'Challenge and Responsibility in Climate Financing Management' organized by Transparency International Bangladesh at BRAC Inn here.

M Zakir Hossain Khan, Project Coordinator of Governance Project in Climate Financing in his keynote pointed out that fund delivery was far better in Bangladesh Climate Change Trust Fund than the World Bank administered Resilient Fund.

Environment and Forest Minister Dr Hasan Mahmud addressed the discussion as the chief guest with TIB Chairperson and former Advisor of Caretaker Government Advocate Sultana Kamal in the chair.

Bangladesh climate change negotiation team members Dr Q K Ahmad, Saber Hossain Chowdhury, Quamrul Islam Chowdhury, Monjurul Hannan Khan, Didarul Ahsan along with dozens of stakeholders from climate hit areas took part in the opinion sharing meeting moderated by TIB Executive Director Dr Iftekaruzzamn.

The World Bank officials were invited, Dr Iftekar said, but none turned up.

Dr Hasan listed different measures undertaken by the Ministry of Environment and Forest and Trustee Board of the BCCTF to ensure transparency, accountability and monitoring and evaluation.
 
 
 
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