IFAD President arrives Monday

DHAKA: President of International Fund for Agricultural Development (IFAD) Kanayo F. Nwanze will arrive here Monday on a three-day visit.

IFAD issued a press release in this regard on Sunday.

According to the press release, the IFAD president is scheduled to hold separate meetings with Prime Minister Sheikh Hasina, Finance Minister Abdul Maal Abdul Muhith and Agriculture Minister Begum Matia Chowdhury to discuss IFAD`s investments in the country and new partnerships in the future.

Meanwhile, Nwanze will sign a financing agreement of a US$55 million IFAD loan, a US$1million IFAD grant and a US$ 30 million Spanish Trust Fund loan for the Haor Infrastructure and Livelihood Enhancement Project with the Government of Bangladesh.

Besides, he will visit the IFAD-supported Sunamganj Community Based Resource Management Project in Sunamganj district during the visit.

IFAD has been working in Bangladesh for more than 30 years and has invested over US$ 578 million in low-interest loans and grants for a total of 28 projects and programmes, which have enabled about 9 million of households to break out of poverty.

BDST: 0926 HRS, JUL 16, 2012
Edited by: Maria Salam, Asst Output Editor