Bangladesh climate Multi Donor Trust Fund
The Bangladesh climate Multi Donor Trust Fund (MDTF) is a proposed institution to collect and disburse climate adaptation funding for Bangladesh, to be administered by the World Bank. The MDTF is now known as the Climate Change Resilience Fund (CCRF).
The British Department for International Development (DFID) has been insisting that climate finance should be channeled through a Multi Donor Trust Fund managed by the World Bank; this position has been supported by the Danish government.
At the 2009 Copenhagen climate conference, a Bangladeshi delegate told reporters that Bangladesh might let the World Bank manage the funds, if that was set as a condition by funders. After the conference, Bangladeshi Prime Minister Sheikh Hasina stated that establishing a Multi Donor Trust Fund is part of her government's response to climate change.
According to the New Age, the Multi Donor Trust Fund has "more or less unanimous opposition among climate change researchers, environment ministry officials and NGOs and civil society members in Bangladesh alike." Bangladeshi civil society organizations are strongly critical of the Multi Donor Trust Fund idea, generally preferring that funds be managed by a state-run board. Campaigners have expressed concern about the 10-15% management fees to be charged by World Bank consultants, and lack of democratic access to adaptation funding. Other campaigners are strongly critical of World Bank-funded projects, which they say "have often created ecological hazards and destroyed ecological goods and services."
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