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IFAD reassures support to transform BD rural economy

Published : Sunday, 8 September, 2024 at 12:00 AM  Count : 235
Business Correspondent
The International Fund for Agricultural Development (IFAD) has reassured its continuous support in transforming Bangladesh's rural economy. Its newly appointed Country Director Dr Valantine Achancho said while presenting credentials to foreign affairs adviser Md Touhid Hossain at Foreign Ministry recently, said a IFAD press release on Friday.  

During the meeting, Achancho said IFAD remains deeply committed to improving the lives and livelihoods of rural communities by boosting agricultural productivity, increasing rural incomes and empowering smallholders and farmers, women, and youth.

Bangladesh has incredible potential when it comes to agriculture and transforming rural communities, he said assuring collaboration with the government, local partners and communities to strengthen agricultural systems and improving  people's lives. 

By working together, he said, "We can create sustainable growth and give smallholder farmers support they need to overcome challenges and thrive."

Before coming to Bangladesh, Achancho served as IFAD Country Director and Representative for Democratic Republic of Congo from 2020 to 2024, and has previously held the same position for Niger, Burkina Faso, and Chad.

In his new role of Country Director for Bangladesh, Achancho will be advocating for and enhancing national government programmes that strengthen climate resilience in vulnerable rural communities through infrastructure and climate-smart agriculture, while enhancing access to finance, technology, and markets for smallholders and marginalized groups to diversify the economy and create rural jobs.

He also served as IFAD Country Programme Officer for Cameroon and Gabon, and Programme Officer for the Indian Ocean region, contributing to rural development projects in the Sahel and Congo basin, mobilizing co-financing, and strengthening partnerships with governments, donors, and civil society to improve rural livelihoods.

At present IFAD's programme in Bangladesh is one of its largest at an investment of USD 519 million distributed across six ongoing projects of the Ministry of Agriculture, Local Government Engineering Department, Palli Karma-Sahayak Foundation, and Bangladesh Water Development Board.



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