Representatives of Brac and German Development Bank (KfW) at the launching of Climate Bridge Fund (CBF) at the Brac Centre Inn on Wednesday, January 15, 2020 CollectedThe fund will be operated by six-member advisory committee chaired by Asif Saleh, executive director of BracBrac and the German Development Bank (KfW) has jointly launched a Climate Bridge Fund (CBF) of €11.735 million, with an aim to overcome climate induced vulnerability. Brac and KfW launched the fund at an event at Brac Centre auditorium in Dhaka on Wednesday.-The fund will be operated by six member advisory committee chaired by Asif Saleh, executive director of Brac. "The climate bridge fund will provide long term financing gaps in local level adaptation in urban areas," KfW Development Bank Country Director Anirban Kundu told the program. "It is not a different kind of fund from other climate fund, but it is trying to do things differently" he added. Kfw Development Bank will fund €11.73 million, while brac will contribute Tk190 million to the fund.

Source: Dhaka Tribune January 16, 2020 03:56 UTC