World Bank to loan Bangladesh $2 billion for climate fight

Bangladesh has been one of the worst victims of global warming, with thousands of people being killed by cyclones in recent years that have become more frequent and deadlier.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » World News

Oct 19, 2016, 09.05 AM | Source: PTI

World Bank to loan Bangladesh $2 billion for climate fight

Bangladesh has been one of the worst victims of global warming, with thousands of people being killed by cyclones in recent years that have become more frequent and deadlier.

Like this story, share it with millions of investors on M3

World Bank to loan Bangladesh $2 billion for climate fight

Bangladesh has been one of the worst victims of global warming, with thousands of people being killed by cyclones in recent years that have become more frequent and deadlier.

Post Your Comments

Share Cancel

World Bank to loan Bangladesh $2 billion for climate fight
World Bank president Jim Yong Kim announced USD 2 billion in soft loans for Bangladesh to help one of the world's impoverished nations to fight climate change.

Bangladesh has been one of the worst victims of global warming, with thousands of people being killed by cyclones in recent years that have become more frequent and deadlier.

"Bangladesh is among the countries most at risk from the impacts of climate change. We must confront climate change now as it hits the poor the hardest," said Kim.

"Today .... I'm announcing a USD 2 billion dollar commitment for climate-related projects in the next three years." Kim made the pledge after touring schools that double as cyclone shelters during major storms. He also visited rural communities, powered by solar systems.

Bangladesh has built embankments along its coastal belts and hundreds of cyclone shelters that double as schools.

The country of 160 million people, a fourth of whom who live below the poverty line, has improved early warning systems to face cyclones and planted millions of trees along the coast.

The World Bank said these measures have reduced deaths in major storms.

"The dramatic decline in deaths demonstrates that Bangladesh's adaptation measures do work," said Kim.

The USD 2 billion for climate change is in addition to USD 1 billion pledged by Kim yesterday to end childhood stunted growth, which is primarily caused by poor nutrition and disease, in Bangladesh.

Buy, Hold, Sell ? Hear it first on M3
World Bank to loan Bangladesh $2 billion for climate fight

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login