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IFAD
in Bangladesh
IFAD supports the efforts of the Government
of Bangladesh to reduce poverty and increase the productivity of rural
poor people in ways that are both sustainable and environmentally
friendly. IFAD’s 2006 country strategy for Bangladesh is in line with
the aims declared in the government’s poverty reduction strategy paper.
Given the vast extent of chronic poverty in the country, IFAD underscores
its role in devising innovative approaches to poverty reduction that
can then be scaled up and expanded by the government, non-governmental
organizations, the private sector and donors.
To focus its efforts to stimulate
rural growth, IFAD has selected two groups as targets for its programmes
and projects: extremely poor people who have some productive potential,
and poor small-scale farmers and entrepreneurs. Many extremely poor
people have productive potential, but efforts to reach them have had
little success so far. One of the main goals of IFAD’s new country
strategy is to direct a range of financial services towards small-scale
and marginal farmers and microentrepreneurs who have until now been
excluded from access to credit.
IFAD’s operations in Bangladesh
over the next five years will support five separate subprogrammes,
which have the aims of:
- making agricultural
technologies more readily available to small-scale farmers to boost
rural growth and provide people with a secure and adequate food
supply and with opportunities for income and employment
- improving access to
markets and financial services for rural small entrepreneurs
- introducing innovations
in infrastructure development, such as transport and access to markets
and to water, to benefit the poorest areas
- improving rural poor
people’s access to common property resources such as inland fisheries
and public land
- increasing women’s
access to economic opportunities, continuing the progress already
made towards the empowerment of women in the country
IFAD supports reforms in key
policy areas, including:
- improvements in agricultural
extension and research
- regulations required
for improved access to inland fisheries
- regulation of rural
markets
- reforms in the regulatory
framework for rural finance
Source: IFAD
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Ongoing IFAD operations
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| 2006 Nobel Peace Prize |
The International Fund for Agricultural Development (IFAD) has welcomed the news of the awarding of a Nobel Peace Prize to Professor Mohammed Yunus and the Grameen Bank.
Professor Yunus has been a pioneer of micro-credit lending schemes for the poor in Bangladesh. After 30 years, his bank has 6.6 million borrowers, of which 97% are women.
IFAD president Lennart Båge, reacting to the announcement, said “Professor Yunus’ leadership has brought opportunities to millions of poor rural families worldwide.”
“Professor Yunus challenged IFAD and other international financial and humanitarian institutions to question their approaches and to find better ways to serve poor people” said Båge.
Read more... |
| Statistics |
Projects: 25
Total cost:
US$1,104.7 million
Total loan amount:
US$443.0 million
Directly benefiting:
8,327,990 households
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| Contact information |
Mr Nigel Brett
Country programme manager
IFAD
Via Paolo Di Dono, 44
00142 Rome, Italy
Tel: +39 0654592516
Fax: +39 0654593516
n.brett@ifad.org |
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