This post was originally published on UNDP
Step taken to foster private capital for green and resilience building initiatives in Bangladesh
kate.smith@undp.org
Sun, 03/03/2024 – 06:36
A national consultation workshop on the Green and Resilient Debt Platform (GRDP) organized by the United Nations Development Programme (UNDP) in Dhaka has focused on mobilizing debt capital for sustainable initiatives through innovative financial instruments.
In light of the growing climate crisis and Bangladesh’s national and international commitments on climate actions, there is an escalating need for climate finance.
Despite a global increase in climate finance – to $940 billion in 2021 – there remains a significant gap in reaching the most vulnerable nations. In response, the European Investment Bank (EIB) and the Nordic Development Fund, in collaboration with UNDP, are launching a multi-country project proposal to the Green Climate Fund (GCF) called the Green and Resilience Debt Platform (GRDP).
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