United News of Bangladesh

The International Fund for Agricultural Development (IFAD) in Bangladesh in collaboration with the Ministry of Finance, has concluded a two-day annual portfolio review workshop in Dhaka. The workshop brought together about 100 participants, including government officials, development partners, implementing agencies, technical specialists and IFAD country and regional teams, to assess the performance of IFAD investment in Bangladesh, focusing on aligning of IFAD Country Strategic Opportunities Programme 2023-2028 with government priorities and its relevance in the current the socio-economic and political context. Report: IFAD expands its climate finance for more resilient rural populations “Despite many successes, challenges remain, and the workshop allows us to share ideas, learn from one another, and identify pragmatic ways to make a greater impact on the lives of the people we work for”, said Valantine Achancho, IFAD country director for Bangladesh. This portfolio review workshop is an opportunity for IFAD and the government to come together and reflect on what they have achieved, while also looking ahead to the work that remains under IFAD’s strategic framework, he said. "Over the past year, we have made significant progress in improving food production, enhancing market access, building climate resilience in communities, and promoting inclusion in rural Bangladesh,” he added. IFAD has long been a trusted partner of Bangladesh, and they share a common commitment to improving the livelihoods of rural communities. "Initiatives such as this workshop provide a valuable opportunity for a comprehensive review of our mutual commitments, enabling us to assess the successes and identify areas requiring more focused intervention. This collaborative exercise further reinforces our partnership with IFAD to effectively leverage our collective resources for sustained impact," said Md. Shahriar Kader Siddiky, Secretary, Economic Relations Division (ERD), Ministry of Finance. New climate finance goal must empower small-scale farmers: IFAD President The workshop provided an engaging platform for in-depth discussions and critical assessments of ongoing IFAD-financed projects in Bangladesh. Participants delved into the key indicators, analyzing progress and performance, while giving particular attention to cross cutting themes such as nutrition, monitoring and evaluation, knowledge management, and social, environmental, and climate assessment procedures. The workshop sessions included insightful presentations highlighting the achievements of 2024 and collaborative discussions to shape strategic plans for 2025, aimed at delivering meaningful outcomes for rural communities. Development partners and co-financiers also participated in discussions about resource mobilization and enhancing cooperation to unlock more opportunities for rural development projects. Reehana Raza, IFAD’s Regional Director for Asia and the Pacific, addressed the participants virtually, underscoring the importance of continuous dialogue and collaboration in strengthening the development impact of IFAD-financed projects in Bangladesh. The workshop concluded with a vote of thanks and a commitment from all stakeholders to work collaboratively towards achieving the goals set for 2025 and beyond, with a steadfast focus on keeping rural people at the center of all investments and initiatives led by IFAD.

The UN’s International Fund for Agricultural Development (IFAD) will appoint its next President on July 7. The new leadership will be chosen at a dire time when millions more rural people are being pushed into hunger and poverty due to the compounding effects of climate change, the COVID-19 pandemic and record-level commodity prices triggered by the conflict in Ukraine. Read: IFAD: Integration of nutrition in all dev interventions sought The President will lead IFAD, a specialized United Nations agency and international finance institution with 177 Member States, for the next four years, said the UN agency on Monday. IFAD plays a crucial role in the fight against hunger and poverty and the transformation of food systems through its investments in rural populations and small-scale farmers. Those small-scale farmers produce one-third of the world’s food and are essential to global food security. Yet, their capacity to produce food for their communities and countries is threatened by climate change and a lack of access to seeds, fertilizers, technology, knowledge and markets. Read: IFAD issues 1st bond connecting capital markets to rural poor around world The current price hikes for food, energy and fertilizer are now threatening their ability to feed their families. This crisis comes at a time when vulnerable rural populations are reeling from the value chain disruptions triggered by the COVID-19 pandemic. Between 2019 and 2021, IFAD helped 77 million people improve their income, 67 million people improved their access to markets, and 62 million people increased their production.

The International Fund for Agricultural Development (IFAD) and the Ministry of Agriculture (MoA) have started distributing homestead vegetable gardening (HVG) inputs and processing equipment among 50 thousand smallholder farmers from seven coastal districts.  This is part of continued efforts to combat the disruptive impact of the COVID-19 pandemic on the lives of smallholder farmers, IFAD said on Sunday.  Read: Small-scale farmers need decent wages: IFAD IFAD has provided  US$ 2 million in two phases from its Rural Poor Stimulus Facility (RPSF) to complement  Bangladesh’s efforts to prevent food crisis during the COVID-19 pandemic. While inaugurating the distribution, Md. Mesbahul Islam, Senior Secretary, MoA said since the country has become more or less self-sufficient in food grain production, the government is emphasizing on the production of nutritious food – vegetables and fruits. "Initiatives like this will not only meet the farmers’ family nutrition needs, this will also encourage other farmers to adopt the practice of using homestead land for nutritious vegetables, which will positively impact the vegetable production and its availability in the region,” he added.  Southern Bangladesh, he said, has challenges in vegetable and fruit production due to natural disasters, water logging and saline intrusion in soil.  "IFAD programme supporting smallholder farmers in the coastal belt endeavors to minimize the challenges by providing trainings, agricultural inputs and technology,” he added Sherina Tabassum, IFAD’s Officer-in-Charge for Bangladesh said IFAD is happy to be a part of the economic recovery measures being taken by the Government of Bangladesh in supporting the smallholder farmers living in remote coastal areas where poverty, hunger and malnutrition have been exacerbated by the COVID-19 crisis.  "Launched in April 2020, RPSF aims to achieve food security and resilience of poor rural people by supporting production, market access and employment during the crises brought on by a global pandemic.” Read: Global food systems must be changed: IFAD This initiative, she said, supports the farmers in homestead cultivation enabling them to produce early varieties of vegetables and fetch higher prices.  "The inclusion of the female farmers will help to increase their additional income, improve dietary diversity & micronutrient adequacy, and ensure family nutrition,” she added. RPSF represents one of the many initiatives within IFAD’s global response to the COVID-19 crisis that seeks to secure the resilience . Farmers from Pirojpur, Jhalokathi, Barguna, Patuakhali and Bhola are receiving not only agricultural input support, but also training on sustainable agronomic practices to produce nutritious crops on the small homestead plots.   Additional farmers from twelve upazilas in Chattogram and four upazilas in Khulna will receive harvesting clippers and plastic crates to ease harvesting, storing and transporting of produce.  Particular emphasis has been placed on empowering women, with female farmers receiving appliances necessary for processing and packaging various spices and the requisite training on hygienic processing.    The RPSF grants are channeled to the smallholder farmers through the IFAD and Government of Bangladesh financed Smallholder Agricultural Competitiveness Project (SACP) that is implemented by the MoA.  With a total financing of US$111.81 million, SACP is being implemented in 30 upazilas of 11 coastal districts in Bangladesh.  The project aims to increase the incomes and food and nutrition security of 250,000 smallholder and marginal farmers by helping them be more responsive and competitive in producing diverse, high-value crops and marketing fresh and processed agricultural products.