<div style="text-align: justify; "><b><span style="font-size: 1rem;">According to Transparency International Bangladesh (TIB), The Green Climate Fund (GCF) is prioritizing international organizations over climate-vulnerable countries in granting funds, contradicting its core principles.</span><br></b></div><div style="text-align: justify; "><br></div><div style="text-align: justify;">This has resulted in developing nations like Bangladesh being deprived of necessary support.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">TIB’s findings highlight GCF’s failures in fulfilling its mandate over the last 12 years, including inadequate fund collection from developed countries and the imposition of loans instead of grants on climate-vulnerable nations.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">TIB released the research “Accessing Green Climate Fund (GCF) for Vulnerable Countries like Bangladesh: Governance Challenges and Way Forward” during a press conference in Dhaka.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">This study, conducted from January 2023 to May 2024, used both qualitative and quantitative methods.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">TIB Executive Director Dr. Iftekharuzzaman criticized GCF’s stringent conditions, which have nearly barred developing countries from accessing funds.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">He emphasized that GCF’s failure to adhere to its principles has led to significant delays in fund transfers and insufficient grant amounts for the intended recipients. Dr. Iftekharuzzaman pointed out the GCF's preferential treatment of international organizations like the UNDP, IDB, ADB, and EBRD, calling it unacceptable and contradictory to the GCF’s mission.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">He also highlighted the problematic shift towards loans over grants, burdening countries like Bangladesh with additional financial strain. Furthermore, despite corruption allegations, the UNDP’s accreditation was renewed, undermining GCF’s zero-tolerance policy on corruption.</div><div style="text-align: justify;"><br></div><div style="text-align: justify; ">bnbd/fas</div>