A strategy to engage the private sector in climate change adaptation in Bangladesh
This report presents the Pilot Program for Climate Resilience (PPCR) as part of the Strategic Climate Fund (SCF), a Multi-donor Trust Fund designed to pilot and demonstrate ways to mainstream climate vulnerability and resilience into national development policies and plans, consistent with poverty reduction and sustainable development goals. Its key targets are to: (i) pilot and demonstrate approaches for integration of climate risk and resilience into development policies and planning; (ii) strengthen capacities at the national levels to integrate climate resilience into development planning; (iii) scale-up and leverage climate-resilient investments, capacity building and other ongoing initiatives; (iv) enable learning-by-doing and sharing of lessons learning at the country, regional and global levels; and (v) strengthen cooperation and capacity at the regional level to integrate climate resilience into development planning and processes for the PPCR pilot countries.
The report aims to identify the challenges and opportunities of the private sector within the arena of PPCR and climate change adaptation initiatives in Bangladesh, by (i) assessing the role and engagement potential of the private sector within the framework of PPCR initiatives in Bangladesh; (ii) developing a specific set of recommendations that can be implemented; (iii) outlining the scale and modalities for funding from PPCR to go to the private sector; and (iv) mapping out the potential role of IFC in steering this process through future projects.
The report has been prepared by Asian Tigers Capital Partners for the International Finance Corporation.