CLIMATE CHANGE, DISASTERS AND ADAPTATION IN BANGLADESH: ROLE OF MICRO FINANCIAL SERVICES

Outline

1. Introduction
2. Climate Change, Micro Financial Services and Risk Management
3. Micro Financial Services in Bangladesh: Products and Delivery Systems
4. Microfinance and Climate Change Adversities: Bangladesh's Experience
5. Policy Recommendations
6. Concluding Remarks

CLIMATE CHANGE, DISASTERS AND ADAPTATION IN BANGLADESH: ROLE OF MICRO FINANCIAL SERVICES

Author: Mahfuz Kabir, Dilruba Yasmin Chowdhury

DOI Link: https://www.doi.org/10.56888/BIISSj2012v33n2a1

ABSTRACT

Bangladesh is one of the most vulnerable countries to adversities of global climate change. There has been growing susceptibility due to different disasters in the country that includes cyclone, tornado, storm surge, erratic and intense rainfall, increased flood, drought and erosion, etc., which affect poor and vulnerable people the most. These people are also mostly excluded from the formal financial institutions but have access to microfinance. Reviewing the state of existing micro financial services, this paper argues that it can help significantly in managing climatic risks in Bangladesh. Even though the microfinance institutions have disaster plans and programmes, the financial services are yet to emerge fully climate-resilient. The paper finally suggests policy recommendations to make these services climatic and thus disaster resilient for supporting adaption and risk management of their millions of poor and vulnerable clients.

BANGLADESH INSTITUTE OF INTERNATIONAL AND STRATEGIC STUDIES

Outline