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Business Insider Bangladesh

ADB to provide assistance to develop farm sector in Bangladesh

BI Report || BusinessInsider

Published: 18:11, 27 October 2021  
ADB to provide assistance to develop farm sector in Bangladesh

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The Asian Development Bank (ADB) will enhance cooperation in order to strengthen efficiency in irrigation and agricultural researches, aiming to develop the farm sector of Bangladesh.

ADB Country Director in Bangladesh Edimon Ginting came up with this assurance while attending a meeting with Agriculture Minister at the secretariat in Dhaka on Wednesday.

“The ADB will provide cooperation in agriculture sector of Bangladesh, particularly in agriculture development at coastal zone, Chattogram Hill Tracts and haor region,” said Edimon Ginting.

Apart from this, the ADB will also provide cooperation for development of farm commodity export, irrigation efficiency and strengthening farm research, he told the meeting.

As part of the cooperation, $50 million project in agriculture sector aided by the ADB is now remaining at the final stage, said a press release. During the meeting, the agriculture minister also has sought financial and technological support to the Philippines-based regional development Bank for setting up a modern packing house and modern testing laboratory on two acres of land at Purbachal, reports Bangladesh Sangbad Sangstha.

“Although Bangladesh is self-sufficient in cereal food productions...we are in lag behind in commodity export and processing as the country has more surplus crops like mango, pineapple, banana, potato and vegetables,” said the agriculture minister. “We need cooperation from the ADB for developing our export and processing system of the farm commodities,” he added.

Additional secretary of the Ministry of Agriculture M Ruhul Amin Talukder, Deputy Secretary Farhana Irish, Deputy Country Director of ADB Ziangbo Ning ministry officials, among others, attended the meeting.

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