suhaimi ali : empowering dfis to bridge funding gaps and drive economic and climate resilience opening remarks by mr suhaimi ali, assistant governor of the central bank of malaysia ( bank negara malaysia ), at the green finance forum for development financial institutions, kuala lumpur, 23 june 2023. * * * earlier this year, heavy rainfall flooded five states in malaysia, forcing over 30, 000 victims to leave their homes. in december last year, a tragic landslide in batang kali claimed the lives of 31 out of 92 victims. these events resulted in significant financial losses, infrastructure damage, and most tragically, loss of precious lives. floods, droughts, heatwaves, loss of biodiversity, rising sea levels and coastal erosions are several climate risks we face going into the future due to climate change. mitigation and adaptation efforts by all parties, including businesses and households, will be crucial to reduce these risks. dfis have a role to play in this effort. as we navigate the path ahead, it is important that we avoid the pitfalls of hasty actions or inaction, while at the same time strive to preserve and advance decades - long progress in financial inclusion. my remarks this morning will touch on three imperatives, namely : ( a ) industry partnerships, ( b ) blended finance, and ( c ) policy influence ; that in my view will sharpen the role of dfis in contributing to malaysia's aspiration to achieving net zero ghg emission by as early as 2050. firstly, dfis can catalyse change through purposeful partnerships with industry players, government agencies, and financial institutions. by leveraging each other's expertise and pooling resources, dfis can implement effective strategies that would otherwise be challenging to undertake alone. for example, the coastal climate resilient infrastructure project ( ccrip ) 1 in bangladesh exemplifies such collaboration between multiple dfis and the government. funding from international fund for agricultural development ( ifad ), asian development bank ( adb ), kfw, and the government of bangladesh, supports ccrip's goal of improving the infrastructure in disaster - prone regions in southwest bangladesh. the project focuses on constructing climate - resilient roads, designed to endure cyclones through strategic engineering, using resistant materials, raised construction, and effective flood and erosion management2. ccrip has achieved significant outcomes, benefitting local farmers and entrepreneurs by improving accessibility and connectivity

##ilience infrastructure project ( ccrip ). [ source ] 2 the previous roads mentioned were merely dirt roads that became unusable during heavy rains and cyclones, indicating a lack of advanced construction techniques. the issues primarily arise from improper design, construction techniques, and the use of weak materials that are unable to withstand cyclonic conditions. in the case study, the roads described are specifically engineered using materials capable of withstanding frequent submersion in salty or brackish water. these roads are built at higher elevations with broader and more elevated shoulders, while also incorporating culverts and water gates to effectively manage floodwater. additionally, where suitable, vetiver grass is utilised to reinforce road slopes and prevent erosion. the term " climate - resilient " is used to describe these roads, emphasising their ability to withstand environmental challenges without employing other technical jargon. 3 water revolving fund in the philippines. [ source ] 4 melaka state climate action plan 2020 - 2030. [ source ] 5 adb technical assistance report. [ source ] 3 / 3 bis - central bankers'speeches