Staff Correspondent
The International Finance Corporation (IFC) and the Danish International Development Agency (DANIDA)
have entered recently into a transformative agreement to establish the Bangladesh Climate Advisory
Partnership (B-CAP). This initiative aims to boost climate-smart private investment in Bangladesh's key
growth sectors, contributing to carbon mitigation and the reduction of greenhouse gas emissions.
Climate change poses significant risks to Bangladesh's development, requiring substantial investments in
mitigation and adaptation. The IFC-DANIDA partnership, backed by $5.3 million, aims to catalyze $50
million in climate-smart private investments by 2027, with a focus on manufacturing and green finance.
B-CAP's core pillars include accelerating climate-smart investments, enhancing green finance, promoting
sustainable practices, and gender inclusiveness.
Aligned with IFC's strategic climate objectives, this project aims to accelerate an inclusive transition to
low-carbon, resilient growth focused on people, jobs, and sustained industrial progress in Bangladesh.
“By catalyzing climate-smart private investments in Bangladesh, we’re tackling climate change while
fostering resilient, eco-friendly development,” said Martin Holtmann, IFC Country Manager for
Bangladesh, Bhutan and Nepal. “Teaming up with DANIDA allows us to pool expertise and resources,
ensuring our projects uphold the highest environmental and social standards, supporting Bangladesh's
development journey."
Building on the successful Partnership for Cleaner Textile (PaCT) program, which provided advisory
support for a green transition in Bangladesh’s textile industry, B-CAP expands this collaboration to
broader climate advisory.
Danish Christian Brix Møller said, “This collaboration with IFC is a significant step towards advancing our
global climate action goals. By investing in Bangladesh's transition to a green economy, we are
reinforcing our commitment to sustainable development and international cooperation. "
IFC and DANIDA launches climate advisory partnership
