The money was channeled through a fund managed by the World Bank instead of being delivered directly to Bangladesh government. “There were issues with the World Bank over accusations they were making,” a spokesperson for the Bangladesh High Commission in London told The Guardian. Meanwhile, a decision was reached about closing the Bangladesh Climate Change Resilience Fund (BCCRF) where the money had been put. The Bangladesh government has its own climate fund - the Bangladesh Climate Change Trust fund (BCCTF). Lack of understanding between the World Bank and donors over the fund’s model led to tensions, said the report.

Source: bd News24 November 11, 2016 06:59 UTC