Microfinance for Climate Adaptation | Bangladesh | IMF Youth Fellowship Program 2023 | Policy
Channel: S. M. Mehedi Hasan
Date: 2023-06-26

Video Transcript: 

Hello, I am S. M. Mehedi Hassan, an undergraduate student from Bangladesh. Bangladesh is widely recognized as one of the pioneers of microfinance. Tailoring microfinance with the climate adaptation can be an innovative economic policy solution to combat climate change as well as build resilient and inclusive growth. Microfinance for climate adaptation policy will have impact in four ways. Number one, Low-Interest Loans and Grants. Number two,Capacity Building and Technical Assistance. Number three, Community Engagement and Participatory Approach. And, number four, Proper Monitoring and Evaluation. Well, funds from the grants and loans can be used by the farmers and entrepreneurs and also be invested in climate-smart technologies. Capacity building is important to enhance the knowledge and skills of the vulnerable communities. The participatory approach will ensure the inclusiveness of the policy and proper monitoring and evaluation will ensure that the policy is being implemented effectively and has real impacts. Thank you.