Germany will finance Euro 52.5 million for climate change

Germany will finance Euro 52.5 million (approximately BDT 724 crore) for the project Climate Change Adapted Urban Development Programme VIII.

 

A financial agreement on development cooperation was signed between Bangladesh and Germany government at Economic Relations Division (ERD) on Wednesday. 

 

ERD SEcretary Md Shahriar Kader Siddiky, Secretary and Ambassador of the Federal Republic of Germany to Bangladesh Achim Tröster signed the agreement on behalf of the two governments.

 

This is the first funding after the Joint Declaration of Intent (JDI) of Bangladesh – German Climate and Development Partnership (CDP), signed by the two governments in December 2024. 

 

The project under this fund will support local government institutions to strengthen the adaptive capacity and reduce the exposure of vulnerable population to climate change effects by improving the living conditions and through climate-sensitive planning and implementation of infrastructure projects for climate adaptation.

 

The fund can also be used for replenishments and future follow-up projects of German Cooperation, according to a press release of German Embassy.