Web Portals for Bangladesh Bangladesh News Bangla Music Bangladesh Mobile Bangladesh Sports
Subscribe to Bangladesh News RSS Feed Bangladesh News RSS Feed Add to Google Reader or Homepage Add to netvibes Add to Pageflakes  Windows Live Alerts
Get Daily News By Email:   
[ Add Bangladesh News To: Your Site/Blog, Facebook or Google Gadget ]

ADB offers $130m to tackle food crisis


Posted on Tuesday, June 17th, 2008 at 1:31 am
[ Comments RSS Comments RSS ] [ Trackback Link Trackback URL ] [ PDF Version Download PDF ]

The Asian Development Bank (ADB) is going to provide Bangladesh with food assistance of $130 million as budget support to meet the government’s food requirement under its social safety net programmes in next fiscal year.

Earlier, the government sought $200 million from ADB, which is acting as mediator for Bangladesh to get food aid from other development partners so that people don’t face crisis.

“Bangladesh is suffering seriously due to the food price hike. So, ADB is providing the quick supports for Bangladeshi people in next July,” Kunio Senga, director general of ADB for South Asia, told journalists at the secretariat following a meeting with Finance Adviser Mirza Azizul Islam.

Senga also said they had a meeting with other development partners from Japan, the US, the World Bank and other UN agencies who also may add to the food aid.

Kunio Senga is leading a six-member ADB delegation that arrived in Dhaka on a three day visit on Sunday.

Finance Adviser Mirza Aziz however said the amount of food assistance might increase. “Initially we’ve got assurance of $130 million but the amount may increase,” Mirza Aziz told reporters after the meeting with the ADB delegates.

The adviser also said an ADB assessment mission in this regard has already completed its work after Bangladesh sought the $200 million in aid.

Not only Bangladesh but many people across the world are suffering due to the hike of food grains, Senga said. “Now the government would be able to buy food grains and bring the poor under its safety net programmes,” Senga added.

The ADB would also help the government to develop infrastructures in rural areas so that the country can produce more food grains, he added.

The adviser said the ADB also assured of contributing to the climate change fund Bangladesh has already initiated through an allocation of Tk 300 crore in the proposed budget. The ADB assured the government of assistance in different projects related to climate change adaptations, he added.

The ADB also assured Bangladesh of raising concessional lending from Asian Development Fund (ADF) in the next fiscal year to around $370 million from the existing level of $250-260 million, the adviser added.

Mirza Aziz went on to say they had talks on the progress of regional (Bangladesh, India, Bhutan and Nepal) ICT project at ADB funding. In the meeting, they stressed the need for a multilateral cooperation agreement in this regard, he noted.

Link to this news:
 
        
    
Tags: ,
This entry was posted on Tuesday, June 17th, 2008 at 1:31 am and is filed under Bangla, Bangladesh, Bangladesh Economy, Bangladesh News, Daily Bangladesh News, Economy, News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

Comments are not moderated and only expresses personal views of visitors. BangladeshNews.com.bd is not responsible for commets posted by visitors.

2 Responses to “ADB offers $130m to tackle food crisis”

  1. 1
    bozuk para sayma makinesi Says:

    Hi, this is a interesting article. I like a food also, for this my weight 96 kgs. :( .
    I want to choose these years more vegetable fooding and need more healty life. But i like
    most much than meat, So if any body can know good diet programme pls. cantact with me
    Best Regards . M.Y

  2. 2
    sunucu barındırma Says:

    Hi,interestic article, thanks for your informations. I want to add some things about for the
    article, first time i want to sayying; i like cooking so much and eating food. But i like more
    vegetable food for health an for my body. I know many special food with special things. example
    i can cooking 10-15 king fish food. :) who want to know more things about fish cooking i can help.

Leave a Reply

People come here looking for: food crisis in bangladesh (2), ADB Climate Change Bangladesh (1), Bangladesh and asian development bank and $200 million and food (1), ICT4D food crisis (1), how bangladesh tackling food crisis (1), adb budget support food bangladesh (1), Food crisis in Bangladesh in 2008 (1), Climate change and food crisis in Bangladesh (1), food crisis bangladesh (1), bangladesh 2008 crisis (1), Food Crisis Bangladesh’s Most in bangladesh (1), ADB's response to the food crisis 2008 (1), bangla food crisis (1), kunio senga ADB (1),