Standard mechanisms to use climate fund urged

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UNB, Dhaka :
Experts at a discussion here on Tuesday urged the government to follow the mechanisms of international standard in spending allocations on climate projects, aiming to ensure the highest level of integrity, transparency and accountability in overall management of its adaptation funds.
Following the Paris Agreement, Bangladesh and other climate-affected countries must work together for building individual and collective capacity to ensure the highest level of integrity, transparency and accountability to offset a range of governance deficits, which can adversely affect the adaptation efforts of vulnerable countries, they said. Transparency International Bangladesh (TIB) organised the daylong ‘Integrity Dialogue on Climate Change Adaptation Finance Transparency: Accountability and Participation’ at Bangabandhu International Conference Centre (BICC).
Speaking at the concluding session of the dialogue, Technical Adviser of Green Climate Fund (GCF) and Executive Director of Centre for Global Change Dr Ahsan Uddin Ahmed said inclusiveness is not practiced in Bangladesh’s climate projects, which is really a problem here. Observing that public information disclosure is really neglected in climate adaptation fund management, he said the traditional financial mindset should be changed in the
institutions working on climate projects. Replying to a question about the GCF management, the climate expert said developing countries always put political pressure during the GCF Board meeting to revise its earlier decisions to provide more allocations to climate vulnerable counties. Addressing as the chief guest on the occasion, Comptroller and Auditor General of Bangladesh Masud Ahmed acknowledged that it will take a little bit of time to reach the international standards in fund management, but his office has so far successfully audited more than a hundred climate projects.
He said his office has already audited 102 projects related climate change but it has audit objections in all projects to some extent.
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