Bangladesh is set to receive up to US$30 million in the first phase of a new programme, ARISE, launched by the Climate Investment Funds (CIF) to help countries address the impacts of climate change.
Dr Saimum Parvez, Special Assistant to the Prime Minister for Environment, Forest and Climate Change, disclosed the information on Friday.
He described the funding as a major piece of good news for Bangladesh on the sidelines of the 31st UN Climate Change Conference (COP31) in Antalya, Turkey.
Parvez said the achievement had been made possible by the visionary leadership of Prime Minister Tarique Rahman and the efforts of his government.
He said the funding is a significant example of the government's strong position in securing Bangladesh's legitimate rights as a climate-vulnerable country.
The funds will primarily be spent for the welfare of people in the country's coastal areas, he said.
The assistance will play an important role in strengthening coastal protection systems, restoring mangrove forests and improving the living standards and adaptive capacity of marginalised communities vulnerable to climate change, Parvez added.
He expressed optimism that Bangladesh's progress towards becoming a greener, safer and climate-resilient country would continue under the leadership of Prime Minister Tarique Rahman.