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Bangladesh launches world’s first country investment plan to tackle challenges to environment, forestry and climate change

The Ministry of Environment and Forests on 13th December 2017 has launched the Country Investment Plan for Environment, Forestry and Climate Change (EFCC CIP).

The plan has been prepared under the project “Strengthening the Environment, Forestry and Climate Change Capacities of the Ministry of Environment and Forests and its Agencies (MoEF Support Project)” funded by the United States Agency for International Development (USAID) and with technical assistance from the Food and Agriculture Organization of the United Nations (FAO).

The EFCC CIP is a cross-sectoral and whole-of-government investment framework for mobilizing and delivering effective, coordinated, sustainable and country-driven investment programmes in environmental protection; sustainable forest management; climate-change adaptation and mitigation; and environmental governance. It is a tool to translate of government policies into investment programmes and projects. The EFCC CIP responds to the urgent need to address environmental degradation in Bangladesh and to improve the country’s ability to meet the threats posed by climate change.

The EFCC CIP lays out priority investment areas organized in four pillars, 14 programmes and 43 sub-programmes. At least 77 Government of Bangladesh (GoB) agencies (ministries/ divisions/departments) will implement various EFCC investment programmes. It is estimated that approximately USD 11.7 billion will be required to implement the EFCC investment programmes, as described in the CIP. Presently, the GoB is funding approximately USD 4.7 billion of EFCC programmes through the GoB’s Annual Development Plans, leaving an investment gap of around USD 7 billion over the next five years for internal and external development partners to begin to address. The CIP will be monitored on an annual basis to track the impact of investments, identify success stories and challenges, and provide recommendations for improvements.