Bangladesh and the International Fund for Agricultural Development (IFAD) launched two funding packages worth $324 million on Thursday, 9 October 2026. The funds aim to build climate resilience and improve food systems for 2.5 million rural residents.
The initiative includes the $112 million Climate Resilience and Livelihood Enhancement Project (CRALEP). It also includes the $212 million Growth for Climate Resilient and Environmental Entrepreneurship and Nutrition (GREEN) project.
Moslema Naznin spoke about the partnership. She serves as Wing Chief at the Economic Relations Division (ERD) within the Ministry of Finance.
Moslema Naznin said the partnership has grown over nearly 50 years. She added that these investments address infrastructure and secure livelihoods.
CRALEP receives $70 million from IFAD and $10 million in grants from the government of Denmark. The government of Bangladesh adds approximately $31.75 million to the total package.
The Local Government Engineering Department will carry out CRALEP work. The project focuses on the flood-prone Haor region and drought-prone High Barind areas.
PKSF will manage the GREEN project under the Financial Institutions Division. This work spans Haor zones, coastal belts, High Barind areas, and river char locations.
Valantine Achancho leads the IFAD office in the country. Valantine Achancho stated that the projects help rural communities adapt to climate changes.
Anders B Karlsen spoke for the Embassy of Denmark. Anders B Karlsen noted that the timely intervention reduces negative climate impacts.
Bangladesh and IFAD started working together in 1978. They have completed 39 projects worth about $4.9 billion to date.