The Bangladesh Government in association with five of its development partners has set up the Bangladesh Climate Change Resilience Fund with contributions worth more than 110 million US Dollars. <br/><br/>The MOU to set up the fund was signed in Dhaka on Monday between Bangladesh and its five development partners which include the Governments of the United Kingdom, Denmark, Sweden, the European Union and the World Bank. <br/><br/>The Fund will support the implementation of Bangladesh’s Climate Change Strategy and Action Plan for 2009-2018, by supporting vulnerable communities in adapting to greater climate uncertainty and changing agricultural conditions. <br/><br/>The Fund will be managed and implemented by the Government of Bangladesh while the World Bank will provide technical support for implementation and ensure that due diligence requirements are met. <br/><br/>Musharraf Bhuiyan, Secretary of the Economic Relations Division who signed the agreement on behalf of Bangladesh hoped that the initial contributions will help in encouraging more support from other partners to meet the adaptation and mitigation needs of the country. <br/><br/>Lauding Bangladesh’s leadership in efforts to combat climate change, Chris Austin, Country Representative for the UK Department for International Development, said the fund mechanism puts the Bangladesh Government firmly in control of directing external aid to the country’s highest priorities and hoped the fund will yield tangible results as soon as possible.