ZCZC
BSS-12
ADB-CLIMATE-INVESTMENTS
ADB promotes climate-smart projects in Bangladesh
DHAKA, Nov 28, 2018 (BSS) – The government of Bangladesh, the Asian
Development Bank (ADB) and stakeholders at a dissemination forum today
discussed the tools for designing climate-smart development projects.
Programming Division of the Planning Commission and the ADB jointly
organised the dissemination forum on “Establishing a Climate Risk Screening
System for Mainstreaming Climate Change Adaptation into National Development
Budgeting Activities” at a city Hotel, an ADB press release said.
The event showcased and discussed the tools designed under an ADB
technical assistance – ‘Action on Climate Change in South Asia (TA 8572
REG)’.
Planning Division Senior Secretary Md Ziaul Islam, Planning Commission
members Mohammad Asif-uz-Zaman and Shamima Nargis, Chief of Programming
Division Md Sayeedul Haque were, among others, present at the meeting.
ADB Country Director for Bangladesh Manmohan Parkash spoke as the guest
of honor. About 90 government officials, academics, researchers, development
partners, NGO representatives and civil society members participated in the
event.
Speaking on the occasion, Manmohan Parkash said: “Bangladesh is highly
vulnerable to climate risks. The tools developed with ADB-assistance will
help make right climate-smart investments, leading to optimal use of public
resources”.
The project’s central output is a customised climate risk and
vulnerability assessment tool and system aimed at guiding government
agencies, departments and ministries in incorporating climate change
adaptation and mitigation options in project design.
The tool will also help the Planning Commission ensure that public sector
investment projects in the Annual Development Programme are resilient to
potential damages due to climate change.
The project also tested the climate risk and vulnerability assessment
tool on three agriculture and water resources projects in Barishal, Rajshahi,
and Sylhet, and conducted trainings for government officials on CRVA and
cost-benefit analysis of climate change adaptation.
ADB is committed to achieving a prosperous, inclusive, resilient, and
sustainable Asia and the Pacific, while sustaining its efforts to eradicate
extreme poverty.
Established in 1966, it is owned by 67 members – 48 from the region. In
2017, the ADB operations totaled US$ 32.2 billion, including US$ 11.9 billion
in co-financing.
BSS/PR/GM/MRI/1542 hrs