ADB Backs Crop Diversification Project in Bangladesh

The Asian Development Bank has set aside a loan of $40 million for the Second Crop Diversification Project in Bangladesh to promote food security and increase farmers’ income.

The project will support programs on the development of high-value crops such as vegetables, spices and fruits in 27 districts in the southwest and northwest regions of the country.

ADB will finance 87 percent of the total project cost of USD45.8 million. The Department of Agricultural Extension and Bangladesh Bank are the executing agencies for the project, which is expected to be completed in June 2016.

About the author

  • Chiden Balmes

    Chiden, a correspondent based in Seoul, focuses on computer-assisted reporting to provide international development professionals with practical business and career information. He also contributes to the Development Newswire and the Global Development Briefing, two of the world's highest-circulation development publications.