Bangladesh’s Finance Division has convened government, banking, academic and research stakeholders to identify domestic climate finance sources, strengthen coordination and mobilise investment for climate resilience and sustainable development nationwide efforts.
Bangladesh’s Finance Division has brought together government officials, banks, academics and researchers to identify ways to mobilise more domestic climate finance as the country seeks to strengthen investment in climate resilience and sustainable development.
Around 40 participants joined the stakeholder consultation in Dhaka, organised by the Finance Division of the Ministry of Finance with support from the Asian Development Bank under its technical assistance programme, Operationalizing the Bangladesh Climate Development Partnership (BCDP).
Hasan Khaled Foisal, Additional Secretary of the Finance Division’s TDM and Macroeconomics Wing, said strengthening domestic climate finance frameworks was important for supporting Bangladesh’s climate resilience and broader sustainable development ambitions.
The meeting was chaired by Md Monjurul Haque, Joint Secretary of the Macroeconomics Wing at the Finance Division.
Mousumi Pervin, Senior Climate Change Officer at ADB, presented an overview of the Bangladesh Climate Development Partnership and outlined initiatives aimed at improving climate finance mobilisation, coordination and implementation.
Participants representing government ministries and departments, private-sector banks, universities and research institutions examined existing domestic financing sources and instruments and discussed opportunities to increase climate-related investment.
They also identified policy, regulatory, institutional and market barriers that could restrict the mobilisation of domestic climate finance.
Discussions focused on potential innovative financing mechanisms and stronger coordination among government agencies, financial institutions and other stakeholders to attract and effectively deploy domestic resources for climate action.
The Finance Division serves as the lead agency and focal point for BCDP Working Group 1 on Domestic Climate Finance, which is tasked with identifying, mobilising and strengthening domestic sources of climate funding in Bangladesh.
Recommendations from the consultation will feed into an ongoing Domestic Climate Finance Source Identification Report, designed to map financing opportunities and strengthen Bangladesh’s capacity to mobilise, track and use domestic climate finance.
The initiative is part of the wider Bangladesh Climate Development Partnership effort to strengthen the country’s climate finance architecture and accelerate investment needed to meet national climate and development goals.
