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19 TowardsEstablishingaNationalMechanism… 465 Fig.19.6 Allocation of funding for projects by the Bangladesh Climate Change Trust Fund (BCCTF). SourceKamruzzaman(2015) ThemonitoringofprojectsfundedbytheBCCTFaretheresponsibilityofthecon- cerned implementingministries. TheMonitoring andEvaluationBranch inBCCT also receivesmonthly progress report from the project directors, sends inspection teamforfieldvisits, andconvenes regularmonitoringmeetingswithProjectDirec- tors. Headed by the Managing Director of the Trust, there is also a Monitoring Committee that analyses themonitoring reports andputs forward its recommenda- tion for proper implementation of the projects. According to the Trust’s website, local administration is involved in themonitoringprocess toensure localoversight. Theadministrativeofficersandelected representativesalsodiscuss theseprojects in the district coordinationmeetings.Completed projects are evaluated by the Imple- mentationMonitoringandEvaluationDivision(IMED)of theMinistryofPlanning. 19.4 TowardsEstablishingaNationalMechanism toAddressClimate InducedLossesandDamages inBangladesh Botheconomicandnon-economiclossesanddamagesfromclimaticeventsarebeing experienced inBangladesh currently,with the impacts expected to growaccording tofutureprojections.Asexplained in thefirst sectionof thischapter,climaticevents arechanging theirpatterns, frequencyand intensity,which isexpected tonegatively affect thecountry’seconomicgrowth, foodsecurityandpublichealth.Themaingap thatexists in thecurrentclimate-relatedpolicyframeworkinBangladeshisa lackof legislative,institutionalandpolicy-relatedmechanismthatexplicitlyaddressclimate induced lossesanddamages.Asystemthatdocumentsoraccounts for theextentof lossesanddamages,bothmonetaryandnon-monetaryandprovides for longer term