Asian Development Bank Approves $400 Million for Bangladesh's Climate Goals
Funding | Jun 19, 2025 | Asian Development Bank
The Asian Development Bank (ADB) has approved a $400 million loan to Bangladesh aimed at enhancing its climate resilience, reducing emissions, and promoting inclusive development. This funding supports the second phase of the Climate-Resilient Inclusive Development Program (CRIDP), alongside co-financing from the Agence Francaise de Developpement and the Asian Infrastructure Investment Bank. The initiative is designed to help Bangladesh achieve its climate objectives by aligning government agencies and policies, removing barriers to climate financing, and strengthening adaptation and mitigation measures. As one of the world's most climate-vulnerable nations, Bangladesh faces severe economic risks from climate change, prompting the ADB's strategic intervention to bolster infrastructure, promote renewable energy, and secure sustainable development.
Sectors
- Climate Finance
- Development Banking
Geography
- Bangladesh – The article's primary focus is on climate resilience and development initiatives in Bangladesh.
- Asia – ADB's operations span across Asia, and the article discusses its role and partnerships within the region.
Industry
- Climate Finance – The article focuses on funding initiatives to support climate resilience and development, thus falling under the Climate Finance sector.
- Development Banking – ADB's role as a multilateral development bank providing financial resources for development projects makes this relevant to the Development Banking industry.
Financials
- $400 million – Loan amount approved by the ADB to support Bangladesh's climate resilience and inclusive development.
- $113 million – Cofinancing amount from the Agence Francaise de Developpement for the CRIDP program.
- $400 million – Funding contribution from the Asian Infrastructure Investment Bank towards Bangladesh's climate initiatives.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Asian Development Bank | Funding Organization | Company | A multilateral development bank supporting inclusive, resilient, and sustainable growth across Asia and the Pacific. |
| Agence Francaise de Developpement | Co-Funding Organization | Company | Provides additional co-financing for the CRIDP project in Bangladesh. |
| Asian Infrastructure Investment Bank | Co-Funding Organization | Company | Contributes $400 million in collaboration with ADB and other financial entities for Bangladesh's climate development. |
| Bangladesh Government | Program Implementer | Government | Works on executing climate adaptation and development programs in alignment with national policies. |