Dhaka, Thursday, 17 January 2019
Bangla Insider

Bangladesh, IFAD ink to implement dev projects in rural BD

News Desk
Published on : 14 February 2018, 10:54 AM
Bangladesh, IFAD ink to implement dev projects in rural BD


Bangladesh and the International Fund for Agricultural Development (IFAD) yesterday signed a loan agreement involving 92.03 million US dollars for the elevation of the vulnerable people of the rural areas as well as infrastructure and market development of six northeastern districts of Bangladesh.

The deal was inked in the presence of Prime Minister Sheikh Hasina at the IFAD Headquarters yesterday afternoon.

Economic Relations Division (ERD) Secretary Kazi Shafiqul Azam and IFAD President Gilbert F. Houngbo signed the deal on behalf of their respective sides.

Finance Minister AMA Muhith, Agriculture Minister Matia Chowdhury and Foreign Minister AH Mahmood Ali, among others, were present on the occasion.

Foreign Secretary MdShahidulHaque said under the agreement, a project titled `the Promoting Resilience of the Vulnerable thru` Access to Infrastructure Improve Skills and Information (PROVATI)` will be implemented in six northeastern districts of Bangladesh.

The districts are Panchagarh, Dinajpur, Nilphamari, Rangpur, Gaibandha and Jamalpur, the foreign secretary said.

Haque said that the IFAD will give a loan of 63.25 million US dollars and the grant is 1.25 million US dollars, while the government of Bangladesh will provide 27.09 million US dollars.

He said the IFAD president has an attachment with Bangladesh and a clear idea about the country and its development as he visited Bangladesh twice.