The Executive Board of the International Fund for Agricultural Development (IFAD), at its 146th session held on 9-10 December, has approved $51.4 million in financing as its contribution to the $211.7 million project in Bangladesh.
This new investment will enhance climate resilience, strengthen food security, and promote rural entrepreneurship for approximately 1.1 million people living in some of the country’s most climate-vulnerable regions.
The Growth for Climate Resilient and Environmental Entrepreneurship and Nutrition (GREEN) project will be implemented over six years, from 2026 to 2031, in the haor wetlands, coastal belt, high Barind, and char regions. By supporting smallholder farmers, rural microenterprises, and young entrepreneurs, the project will foster adaptive capacities to climate change, stimulate diversified and resilient livelihoods, and accelerate the development of sustainable rural enterprises.
The project will be executed by the Financial Institutions Division of the Ministry of Finance and implemented by Palli-Karma Sahayak Foundation (PKSF). Strategic oversight will be ensured through a national steering committee comprising the Finance Division, the Economic Relations Division, and PKSF thereby reinforcing strong governance and alignment with national priorities.
This new investment is part of IFAD’s broader commitment to supporting countries across the Asia and Pacific region build climate-resilient food systems and inclusive rural economies, ensuring that vulnerable communities are better equipped to face future shocks and seize emerging opportunities.
