Kathmandu, April 8:

The World Bank’s 2009 Global Development Marketplace is now accepting proposals on Climate Adaptation. The Development Marketplace (DM) is a competitive grant programme administered by World Bank.

According to a WB statement, the 2009 global competition is funded by the Global Environment Facility (GEF) and additional DM partners. It aims to identify 20 to 25 innovative, early-stage projects addressing climate adaptation. The DM is a unique opportunity to turn an idea into reality; a project selected could receive up to $200,000 in grant funding for implementation over two years.

The competition focuses on three sub-themes: Resilience of Indigenous Peoples’ Communities to Climate Risks, Climate Risk Management with Multiple Benefits and Climate Adaptation and Disaster Risk Management.

For this, the website address available is www.developmentmarketplace.org. Non-governmental organisations, civil society groups, foundations, academies and development agencies based in the country of implementation may apply without additional partners. All other groups must partner with at least one organisation and the type of partnership varies according to types of applicants.

Proposals must be submitted through the DM online application form available on the DM website (www.developmentmarketplace.org). Only proposals received before May 18, 2009 6 pm EST (22:00 GMT) will be considered.