Oxfam’s Fair Finance Asia (FFA) and Transboundary Rivers of South Asia (TROSA) Programs, together with research partner, Asia Disaster Preparedness Center (ADPC), have launched a report exposing critical barriers that prevent climate finance from effectively reaching frontline communities in Bangladesh and the Philippines. The two countries are amongst the most climate-exposed nations in Asia and largest recipients of global climate funding. This report was developed in collaboration with Fair Finance Bangladesh, Fair Finance Philippines, Oxfam in Bangladesh, Oxfam Pilipinas, and Rangpur Dinajpur Rural Services Bangladesh (RDRS).
The report, Barriers to Inclusive, Accessible, and Effective Climate Finance: Case Studies from Bangladesh and the Philippines, found that Bangladesh received USD 21.1 billion and the Philippines USD 15.9 billion in climate finance from 2016 to 2022, respectively. More than 90% of this funding came as loans rather than grants, exacerbating the debt burden of both countries. The report reveals serious gaps in climate finance effectiveness: while funding volumes increase, access remains highly unequal.
