Palli Karma-Sahayak Foundation (PKSF) has been accredited as the National Implementing Entity (NIE) of the Washington-based Adaptation Fund.
The accreditation came in recognition of PKSF’s work plan and efficiency in combating the adverse impacts of climate change.
The Adaptation Fund finances projects and programmes that help vulnerable communities in developing countries adapt to climate change.
The accreditation was given in the Fund's board meeting held on August 03, according to a PKSF press release issued Thursday.
Many governmental and non-governmental organisations in Bangladesh applied for accreditation.
However, the Ministry of Environment, Forest and Climate Change of the Government of Bangladesh found PKSF as the most suitable entity and nominated it for accreditation.
The Adaptation Fund selected PKSF as its NIE in Bangladesh for the next five years.
PKSF is the 34th entity and the only one from Bangladesh to receive the accreditation of the Adaptation Fund, which was created in 2007.
The accreditation will increase PKSF’s access to international funds to face climate change fallout.
Earlier in 2017, PKSF was accredited as the NIE of the Green Climate Fund (GCF) established under the United Nations Framework Convention on Climate Change (UNFCCC), the statement adds.
