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ISB signed an MoU with the Tetra TechARD, USA, Prime Contractor for the USAID Climate Adaptation Project

The ultimate objective of this MoU is to reflect their mutual intention to cooperate and coordinate efforts to facilitate the accreditation process and develop a project proposal to apply funding from the Adaptation Fund (AF), an international fund that finances projects and programs aimed at helping developing countries to adapt to the harmful effects of climate change, to establish a climate adaptation financing facility to foster local adaptation initiatives and interventions in Sri Lanka. ISB has already been earmarked by the Ministry of Environment to become a potential organization for National Implementing Entity (NIE) for AF.

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