World Bank and IFAD Project in Bangladesh to Boost Agri-Research
January 25, 2008| |
A new US$ 84.6 Million project aims to increase farmer income and boost agricultural productivity in Bangladesh by strengthening the country’s research and extension services. The National Agricultural Technology Project is made possible by a US$ 62.5 million and US$19.5 million loan from the World Bank and the International Fund for Agricultural Development (IFAD). More than 1.7 million smallholders and marginal farmers will take part in the project.
“Several things in the project design are genuinely new to Bangladesh,” said Nigel Brett, IFAD’s country program manager for Bangladesh. “In particular, the approach to funding agricultural research through an autonomous foundation has not been tried before. This will enable a variety of public and private organizations to fund a wide range of agricultural research proposals.” The project will also include amending the country’s Agricultural Research Council Act of 1996.
Read the press release at http://www.ifad.org/media/press/2008/04.htm
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