Home / Knowledge / News / World Bank supports Bangladesh's agriculture sector
World Bank supports Bangladesh's agriculture sector
08
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 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X