The Agence Française de Développement (AFD), France's development agency, has announced a €100 million climate loan for Bangladesh. The financing is intended to support the country's efforts in climate change mitigation and adaptation, according to official sources.
Future Financing Roadmap
On Thursday (November 12), Bangladesh and AFD also agreed on a €140 million future financing framework. Under this agreement, both parties have consented to explore cooperation in new strategic sectors during the 2029-2030 period.New Areas of Cooperation
The new areas of collaboration include Technical and Vocational Education and Training (TVET), skills development, and non-sovereign financing. These sectors are expected to see joint initiatives in the coming years.AFD has been a long-standing development partner for Bangladesh, financing various projects across multiple sectors. Analysts view this new loan assistance as significant for Bangladesh, a country highly vulnerable to the impacts of climate change. However, the specific terms of the loan and detailed project information have not yet been disclosed.
