Inclusive Budgeting and Financing for Climate Resilience(IBFCR)

What is the project about?

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The project intends to foster a sustainable basis for identifying, maximising and managing sources and application of funds for financing climate resilient actions. The project further intends to develop climate related capacity and expertise within Finance Division and develop stronger relationships and collaborative partnerships with other major climate stakeholders, but primarily with Economic Relations Division and the National Designated Authority (NDA) of Bangladesh to the Green Climate Fund (GCF), Programming Division and General Economics Division of Planning Commission, Ministry of Environment and Forest, Local Government Division, Disaster Management and Relief Ministry,Ministry of Agriculture, Ministry of Fisheries and Livestock, Ministries implementing Social Safety nets programmes  in climate vulnerable regions, Ministry of Women and Children Affairs, Office of the Auditor General and the National Parliament that will enable Bangladesh to pursue maximised benefits of national and international climate finance. It will also aim to enhance the recognition of climate policy and national strategy in the key Finance Division led PFM processes including Budget, Medium Term Budget Framework (MTBF) and attendant Performance Management Systems, Ministry Budget Frameworks (MBF) and the Medium Term Macroeconomic Framework (MTMF). It will also work closely with other projects within the Finance Division, Economic Relations Division, Internal Resource Division, General Economics Division, Programming Division, Implementation Monitoring and Evaluation Division(IMED) to develop greater cohesion between Finance Division led PFM initiatives and Programming Division led Public Investment Management (PIM) initiatives and the Annual Development Programme (ADP) in respect of the recognition of climate issues on a national interest basis.

 

What have we accomplished so far?

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IBFCR Project began its journey a little over a year ago in July 2016. In the first year of its implementation, the project provided technical support to six large spending Ministries including Local Government Division of Ministry of Local Government, Rural Development and Cooperatives(MoLGRD&C), Ministry of Disaster Management and Relief (MoDMR), Ministry of Environment and Forests (MoEF), Ministry of Water Resources (MoWR), Ministry of Agriculture (MoA), and Ministry of Primary and Mass Education (MoPME) to turn their Ministry Budget Framework(MBF) climate sensitive.  An Operational Guideline was prepared by the project to guide the ministries in embedding the new dimension in their MBFs.

A climate budget report titled Climate Protection and Development: Budget Report 2017-18 with the support of the project was also prepared based on the climate sensitive MBFs of six selected ministries and presented before Parliament on June 1, 2017. The report brings to the fore the budgetary analysis of these ministries showing climate expenditure under different thematic areas of Bangladesh Climate Change Strategy and Action Plan(BCCSAP). It represents the Government’s political commitment to the goal of mainstreaming climate finance in the public financial management(PFM) systems and processes of Bangladesh.

Who Finances it?



DFID

US$ 1,070,000

UNDP TRAC

US$ 500,000

GIZ:

US$ 130,000

SIDA:

US$ 200,000 (parallel)

UNDP Regional Offices/other initiatives/other UN initiatives : ........ US$ 300,000 (parallel & indicative)

GOB Contribution: In kind and human resource cost total BDT 10 million.

 

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