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$70m GREEN Project signed to support resilient agriculture
The Palli Karma-Sahayak Foundation (PKSF) has signed a subsidiary loan and grant agreement with the Finance Division of the Ministry of Finance to implement the ‘Growth for Climate Resilient and Environmental Entrepreneurship and Nutrition (GREEN)’ project.
The project aims to bring about integrated progress in the development of climate-resilient agriculture, environment-friendly enterprises and nutrition sectors.
PKSF Deputy Managing Director Dr Akond Mohammad Rafiqul Islam and Finance Division’s Joint Secretary Mst Nazneen signed the agreement at the Bangladesh Secretariat here today.
The International Fund for Agricultural Development (IFAD) will finance $70 million for this project through the Bangladesh government.
The project will be implemented nationwide from 2026 to 2031. Priority will be given to some regions of the country based on poverty trends, climate risks and agricultural potential, said a press release.
About 260,000 people will come under this project. They will include poor and marginal farmers, women and youth entrepreneurs, small agricultural entrepreneurs, families in climate-vulnerable areas, and people from ethnic minorities.
The project will prioritize building climate-resilient and environmentally friendly food systems, expanding inclusive financial services, and building institutional capacity.
In addition, emphasis will be placed on contributing to the creative economy, producing safe food, expanding climate-resilient agriculture, increasing the income of rural entrepreneurs, and building sustainable production systems, reports BSS.