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IFAD made $31 million agreement with Bangladesh

Industry: Consumer & Retail, Food

Bangladesh has entered into a financing agreement with the International Fund for Agricultural Development (IFAD) to strengthen the implementation of the Diversified Resilient Agriculture for Improved Food and Nutrition Security (RAINS) project. This project, with a total budget of $31 million, was proposed by the Ministry of Agriculture (MOA) to the Global Agriculture and Food Security Program (GAFSP) in 2021. IFAD will oversee the project, which will be executed by the MOA, with technical support from the Food and Agriculture Organization of the United Nations (FAO) and the Global Alliance for Improved Nutrition (GAIN).

The four-year RAINS project will operate in 14 districts across the coastal, drought-prone, and northern Char regions, focusing on enhancing communities’ resilience to environmental and economic shocks. By targeting households most vulnerable to the effects of climate change, the project aims to directly improve the income and nutrition of 420,000 women and men. Efforts will be made to enable farmers to adopt climate-smart and nutrition-sensitive technologies through integrated farming approaches.

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