Bangladesh unveils new climate finance strategy to confront $1 billion annual losses | Business

DHAKA, Sept 16, 2025 (BSS) - Bangladesh has stepped up its climate resilience efforts with the launch of the second phase of its Inclusive Budgeting and Financing for Climate Resilience (IBFCR) programme, aimed at tackling the devastating consequences of climate change that already cost the country nearly US$1 billion annually. This was disclosed in a launching ceremony of IBFCR-II, held at the Finance Division in the city today, said a press release. It was also shared in the launching ceremony that the global warming reached a record 1.55øC above pre-industrial levels in 2024, intensifying climate threats for Bangladesh, one of the world's most vulnerable nations despite contributing less than 0.56 percent of global greenhouse gas emissions. Tropical cyclones alone wipe...