Thursday, 7 July, 2022

Bangladesh has robust implementing capacity

Says IFAD regional director for Asia and the Pacific

  • Diplomatic Correspondent
  • 22 May, 2022 12:00 AM
  • Print news

Newly-appointed Regional Director for the Asia and Pacific Division at the International Fund for Agricultural Development (IFAD) Reehana Rifat Raza has said Bangladesh is a priority country for IFAD to invest and lauded the robust implementing capacity of the country.

“It is a priority for IFAD to invest in a country like Bangladesh that seeks to address development work in key thematic areas such as climate change, youth, gender, food security and nutrition in its current and future development goals,” said Raza. She also commended the robust implementing capacity of national partners, which has been key to the success of the large and complex development portfolio. Reehana Rifat Raza was on mission to Bangladesh this week on her first official visit to the region since being appointed on May 9, 2022.

In Dhaka, the IFAD delegation met with Amal Krishna Mandal, the Additional Secretary and Wing Chief, Economic Relations Division of the Ministry of Finance. She took the opportunity to personally praise the Government of Bangladesh for pledging US$2 million to IFAD’s 2022-2024 replenishment cycle.

Raza visited activities implemented under IFAD’s Bangladesh portfolio, which is composed of eight ongoing projects with a total investment of US$1.25 billion, including IFAD financing of $475 million, making Bangladesh IFAD’s second-largest country programme overall.

“Bangladesh has been doing tremendous work in rural development, empowering women and youth, transforming food systems and building climate resilience – all key interventions to achieving the sustainable development goals,” said Arnoud Hameleers, IFAD Country Director, Bangladesh.

In a meeting with Mercy Tembon, World Bank Country Director, Bangladesh, Raza noted the ongoing partnership in increasing smallholders’ access to markets and boosting agricultural productivity in Bangladesh. Raza also met with Edimon Ginting, Asian Development Bank Country Director, Bangladesh, to discuss a new co-financed project that will build the climate resilience of rural communities by improving their capacity to manage small-scale water resources management. The IFAD delegation travelled to Jashore District to visit IFAD interventions implemented by Palli Karma-Sahayak Foundation (PKSF) under the Promoting Agricultural Commercialization and Enterprises (PACE) project.