Global Clean Cooking Program – Bangladesh (GCF-FP070)

Regions
  • South Asia
Where the impacts of the investment may be experienced.
Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
Financial Institutions
  • Green Climate Fund (GCF)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 22, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of People's Republic of Bangladesh
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 82.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ GCF website

Updated in EWS Sep 13, 2018


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Project Description

The proposed project in Bangladesh is part of a multi-country “Global Clean Cooking Program” planned for support by the World Bank (WB) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)1 with a goal to support development of an affordable and sustainable market for clean cooking initiatives.

According to website of Green Climate Fund, the Bangladesh Clean Cooking Program is aimed at supporting a sustainable market for adoption of improved cookstoves (ICS) that will contribute to improved well-being of people living in rural Bangladesh by reducing Household Air Pollution (HAP) and contribute to reduced Greenhouse gas emissions. The project has the following two components:

Component 1: It will leverage private-sector finance through purchases made by end users equivalent to the total size of the Project. The Project will finance market development activities by the purchase orders intended to enable them to rapidly increase market penetration.

Component 2: It will provide technical assistance to enhance supplier capacity on the one hand and increase the demand for ICS among end users on the other hand. Through these activities, this component will help create the necessary conditions for market growth to continue beyond the duration of the project.

Investment Description
  • Green Climate Fund (GCF)
Contact Information

ACCREDITED ENTITY
International Bank for Reconstruction and Development and International Development Association (World Bank)
Ms. Claudia Croce
Tel: +1 202 458 1697
ccroce@worldbank.org
wb-gcf@worldbank.org

NDA/FP IN BANGLADESH
Economic Relations Division (ERD), Ministry of Finance
Mr. Kazi Shofiqul Azam
Work: secretary@erd.gov.bd
Work: +88 02 9113 743
Work: +88 02 9133 489

ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND

The Independent Redress Mechanism (IRM) is the independent complaint mechanism for a person or people who have been or believe they are likely to be adversely affected by a project or programme funded by the Green Climate Fund. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating a problem-solving dialogue or, if that is not possible, conducting an independent investigation into whether the GCF has complied with its environmental and social policies. The IRM is newly created and is still in the process of developing its procedures and website. More information about the IRM and how you can file a complaint is forthcoming. You can contact the IRM at irm@gcfund.org.