International Fund for Agricultural Development (IFAD) has assured Bangladesh of Tk 280 crore financial assistance for rural agricultural development especially, in the coastal belt areas.
IFAD President Kanayo F Nwanze made the pledge at an hour-long meeting with Food and Disaster Management Minister Abdur Razzaque at the organisation's Rome headquarters. The minister came to Rome with Prime Minister Sheikh Hasina on November 15 to attend the world summit on food security.
"The IFAD will assist Bangladesh with Tk 280 crore for the agricultural development of the coastal belt in the country," Razzaque said.
Comprehensive projects would be launched to ensure development of the coastal areas by constructing cyclone shelters and embankments," he added.
Issues including climate change, food security and agriculture also came up at the discussion.
Highlighting different problems the country has been facing, he told the official that the main problem of Bangladesh is poverty, which needs to be reduced significantly by ensuring employment.
He also said the smallholders must be given priority to ensure food security in Bangladesh.
The minister said he urged IFAD to extend their assistance to Bangladesh, a politically stable and democratic country with good law and order.
In this context, the IFAD chief said he would take all necessary measures to involve other donor agencies including DFID, the World Bank and the US Aid for co-financing the development projects.
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