The International Fund for Agricultural Development (IFAD) has just approved $51.4 million to improve the lives of around 1.1 million people in climate-vulnerable regions of Bangladesh. This funding is part of a larger $211.7 million project aimed at boosting climate resilience, food security, and rural entrepreneurship.
During its recent meeting, IFAD discussed the Climate Resilient and Environmental Entrepreneurship and Nutrition (GREEN) project, which will run from 2026 to 2031. It will be focused on areas like the Haor wetlands and the Coastal Belt, helping smallholder farmers and young entrepreneurs thrive in the face of climate change.
Valantine Achancho, IFAD’s country director for Bangladesh, emphasized the importance of this partnership. “The GREEN project connects climate adaptation and market-responsive rural enterprises,” she said. This initiative aims to create sustainable livelihoods while also protecting the environment.
The project will introduce innovative farming practices that are smart for the climate, such as organic farming, efficient water use, and renewable energy solutions. These methods not only boost productivity but also promote healthier diets and conserve natural resources.
Moreover, the GREEN project will expand access to financial services tailored for women, youth, and small businesses through the Palli Karma Sahayak Foundation (PKSF). This focus on inclusive finance will help strengthen local economies and create more jobs.
By aligning with Bangladesh’s national goals, the GREEN project also supports broader initiatives like the Sustainable Development Goals. In a country facing climate challenges, projects like this are essential for building resilient communities.
In recent discussions, many experts have highlighted the connection between climate change and food security. According to a report by the Food and Agriculture Organization (FAO), up to 80% of the global population is impacted by climate-related agricultural issues. This makes investments in projects like GREEN crucial, especially in regions like Bangladesh that are most vulnerable to climate impacts.
This initiative is a promising step towards a more sustainable future, helping communities adapt while fostering economic growth. The world is watching closely as Bangladesh sets a model for integrating climate action with rural development.
Source link
New Age, The New Age, Daily New Age, Bangladesh Newspaper, Most Popular Outspoken English Daily Newpaper in Bangladesh, Bangladeshi Newspapers, Bangladesh News, Latest Bangladesh News, Bangladesh Latest News, Bangla Online News
