IFAD and the Government of the People's Republic of Bangladesh have signed an agreement to launch a project to accelerate inclusive economic growth, sustainably reduce poverty and improve food and nutrition security.

More than 342,000 people in southeast Bangladesh living on coastal chars created by silt deposits will benefit from new financing for a project to reduce poverty and hunger and develop rural livelihoods. People living on chars are often hardest hit by climate change effects like sea-level rise as they often live in poorly constructed housing and on low-lying land that is vulnerable to extreme weather.