Bangladesh -- one of the world's poorest countries -- has been granted a thirty million (U.
GV Dacca Airport with plane on tarmac
GV & SV officials walking across tarmac and IFAD President Abdelmushin Al-Sudeary being greeted by A.Z.H. Obaidullah (TWO SHOTS)
GV Planning Commission building in Dacca
SV Al-Sudeary shaking hands with Dr. Mirza Mural Huda, Bangladesh Finance Minister, and sitting down at table together (TWO SHOTS)
CU & SV wall chart and Al-Sudeary and Dr Huda signing agreement (TWO SHOTS)
SV peasant pumping water with foot PAN ACROSS TO fields
GVs Al-Sudeary and farmers looking at irrigated wheat field (TWO SHOTS)
SV Al-Sudeary PAN TO wheat field
GV Al-Sudeary being shown thatched village house (TWO SHOTS)
CU Al--Sudeary inspecting ears of wheat
SVs Al-Sudeary leaving house and being shown map of area (TWO SHOTS)
GV PAN ACROSS irrigated fields
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Background: Bangladesh -- one of the world's poorest countries -- has been granted a thirty million (U.S.) dollar loan by IFAD -- the International Fund for Agricultural Development. IFAD,. which is the newest specialised agency to be formed by the United Nations, will provide a major part of the finance for a new agricultural project.
SYNOPSIS: In Dacca, government officials welcomed the President of IFAD, Mr Abdelmuhsin Al-Sudeary, when he arrived for a visit to Bangladesh last week (3 March).
Later, at the Planning Commission building, Mr Al-Sudeary was met by the country's Finance Minister Dr Mirza Nural Huda, and the two men put their signatures to the agreement. The new project -- which will also be financed by the Asian Development Bank -- is designed to increase agricultural production, create employment opportunities and to improve the living conditions of small farmers -- most of whom earn an average of fifty (U.S. dollars a year.
Known as the Pabna Irrigation and Rural Development Project, the scheme will benefit a hundred and sixty-seven thousand families at the confluence of the Pabna and Jamuna Rivers. The area, which is particularly susceptible to flooding, is located about a hundred and twenty-five kilometres (seventy-five miles) north west of Dacca.
Mr Al-Sudeary toured the area that will benefit from the IFAD loan. Later, he said there was great scope for co-operation between his organisation and Bangladesh in rural development. IFAD has resources at present totalling one billion (U.S.) dollars and its primary purpose is to help increase agricultural production in developing countries.
Total cost of the Pabna Project is estimated at about eighty-five million (U.S.) dollars. Apart from the UFAD contribution of thirty million dollars, the Asian Development Bank will provide thirty-eight million dollars, while the government of Bangladesh will be responsible for seventeen million. The project also involves the establishment of pilot farms, training and research facilities, as well as extension services.