BB governor seeks supports for climate risk management

Bangladesh Bank governor Dr Atiur Rahman yesterday urged the development partners to provide substantial technical and financial support to low and lower-middle income economics for mitigation and adaptation purpose, reports BSS. “Asia is full of creativity and has to work together to come up with solutions for addressing mitigation and adaptation challenges posed by climate change,” he said.
Atiur Rahman was addressing as a panellist of the “Developing Asia: Challenges of Climate Change and Economic Resilience”, a session of a conference on “Advancing Asia: Investing for the Future” in Delhi in India, said a press release here yesterday.
The session focused on preparations and investment needs for responding to the mitigation and adoption challenges posed by climate change, and ways to build macroeconomic resilience.
The governor said Asia, a young, diverse and crowded region with 60 percent of humanity, has to cope with 45 per cent of the world’s natural disasters which occurred over the last three decades.
For many countries, including Bangladesh, disaster management and climate change are not a theory but an everyday reality, he added.
He said legitimate growth and development aspirations require the emission reduction commitments from the projected business-as-usual emission increase levels over medium to longer term.
He called upon the central banks in the region to support the sustainable growth agenda of their governments.
Dr Atiur Rahman attended the three-day Delhi high level International Monetary Fund (IMF)-Government of India high level conference from March 11 in Delhi.
Indian Prime Minister Narendra Modi delivered the keynote address at the opening ceremony while IMF Managing Director Christine Lagarde made the opening remarks.
The conference comprised six thematic sessions including Asian growth models, socioeconomic issues in Asia, investment, and climate change with participation of 30 countries in the region.
United Nations Development Programme (UNDP) Administrator Helen Clark lauded Bangladesh’s impressive achievement in disaster management and cited it as a role model.

BB governor seeks supports for climate risk management

Bangladesh Bank governor Dr Atiur Rahman yesterday urged the development partners to provide substantial technical and financial support to low and lower-middle income economics for mitigation and adaptation purpose, reports BSS. Asia is full of creativity and has to work together to come up with solutions for addressing mitigation and adaptation challenges posed by climate change, he said. Atiur Rahman was addressing as a panellist of the Developing Asia: Challenges of Climate Change and Economic Resilience, a session of a conference on Advancing Asia: Investing for the Future in Delhi in India, said a press release here yesterday. The session focused on preparations and investment needs for responding to the mitigation and adoption challenges posed by climate change, and ways to build macroeconomic resilience. The governor said Asia, a young, diverse and crowded region with 60 percent of humanity, has to cope with 45 per cent of the worlds natural disasters which occurred over the last three decades. For many countries, including Bangladesh, disaster management and climate change are not a theory but an everyday reality, he added. He said legitimate growth and development aspirations require the emission reduction commitments from the projected business-as-usual emission increase levels over medium to longer term. He called upon the central banks in the region to support the sustainable growth agenda of their governments. Dr Atiur Rahman attended the three-day Delhi high level International Monetary Fund (IMF)-Government of India high level conference from March 11 in Delhi. Indian Prime Minister Narendra Modi delivered the keynote address at the opening ceremony while IMF Managing Director Christine Lagarde made the opening remarks. The conference comprised six thematic sessions including Asian growth models, socioeconomic issues in Asia, investment, and climate change with participation of 30 countries in the region. United Nations Development Programme (UNDP) Administrator Helen Clark lauded Bangladeshs impressive achievement in disaster management and cited it as a role model.