Home / Knowledge / News / World Bank supports Bangladesh's agriculture sector
World Bank supports Bangladesh's agriculture sector
Feb '08
The World Bank approved an IDA credit of US$62.60 million to assist the Government of Bangladesh improve agricultural productivity and farm income by revitalizing the national agricultural technology system.

The National Agricultural Technology Project is designed to enhance the effectiveness of the national agricultural technology system. It will finance activities related to agricultural research, agricultural extension, and supply chain, including strengthening of national institutions involved in agricultural research and extension.

Accounting for about 22 percent of GDP, agriculture is vital to Bangladesh. Another 33 percent of GDP is contributed by the rural non-farm economy, which is largely linked to agriculture. Over the last three decades, there has been a significant increase in the production of rice to achieve near self-sufficiency in food grains.

However, this is threatened by increasing population, declining land base, and stagnating yields. Diversification into higher value crops is slow with poor post harvest management and limited processing capacity.

"Growth of the agriculture and the rural non-farm sectors is critical to reduci ng poverty In Bangladesh," said Xian Zhu, World Bank Country Director for Bangladesh. "Improved agricultural research and technology will be critical to achieve this growth and accelerate for the process of diversification into higher value crops and post-harvest processing."

The project will also support a decentralized demand-led agricultural extension program with greater accountability and responsiveness to farmers, with a focus on small and marginal farmers.

Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Textiles | On 27th Oct 2016

Fischer Konzept installs sixth Zünd digital cutter

Fischer Konzept, German developers of individual packaging solutions...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search