Germany to provide €52.5 million in climate assistance to Bangladesh

Germany will provide Bangladesh with €57.5 million for climate-resilient urban development under two agreements. The German Embassy announced this information in a press release on Wednesday.

"The agreements- one on Technical Cooperation for the Climate Change Adapted Urban Development (CCAUD), Satkhira Component, Phase VI, and the other on Financial Cooperation for the Climate Change Adapted Urban Development Programme, Phase VII (UCRIP III)- amount to a total of €57.5 million," reads a press statement issued by the Economic Relations Division.

The signing ceremony took place in Dhaka. Shahriar Kader Siddiky, secretary of the Economic Relations Division (ERD), Ministry of Finance, signed the agreements on behalf of Bangladesh.

Achim Troester, ambassador of the Federal Republic of Germany to Bangladesh, signed the Financial Cooperation agreement, while Michael Sumser, country director of KfW Development Bank in Bangladesh, signed the Technical Cooperation agreement on behalf of the German government.

This is the first funding since the joint declaration of intent (JDI) on the Bangladesh-Germany Climate and Development Partnership (CDP) signed by the two governments in December 2024. The fund will help strengthen adaptation capacities in local government institutions and reduce risks by improving the livelihoods of vulnerable populations affected by climate change.

The release also states that the funding will support climate-sensitive planning and the implementation of infrastructure projects for climate adaptation. This fund can complement existing German development cooperation projects and be used for future initiatives as well.