BSS, Dhaka :
Bangladesh is likely to get priority for adopting a project funded by the International Fund for Agricultural Development (IFAD) to address the climate change effect in agriculture sector.
A study titled “Water Sector Track Record of Bangladesh”, carried out by the embassy of the Netherlands, estimated that each year 20,000 to 30,000 households lose their homes, land and livelihoods to river erosion and flooding.
Against the backdrop, the executive committee of Asia Pacific Rural and Agricultural Credit Association (APRACA) at a meeting in Colombo, Sri Lank assured that Bangladesh would be given priority for adopting the project along with other member-states of this regional group.
Bangladesh Bank (BB) deputy governor SK Sur Chowdhury, also the chairman of APRACA, requested the committee that Bangladesh should be prioritised for adopting the IFAD project as the country is the most vulnerable to climate change effects.
The deputy governor, who chaired the meeting, also presented a paper on the role of the central bank to address the adverse effect of climate change when he highlighted the green finance strategy of BB to cope with the challenges of the climate change.
Held in Colombo early this month, the 65th APRACA executive committee meeting was represented by 50 experts in the field of rural and agricultural financing representing Bangladesh, India, Pakistan, Iran, Nepal, Thailand, the Philippines and the host country Sri Lanka.
Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal inaugurated the meeting. This year’s the meeting focused on ‘Adaptation and Mitigation of the Impact of Climate Change on Rural and Agricultural Finance’.
There was also a detail discussion on the project on addressing climate change effect in the region with IFAD-funded project. The committee also decided to hold the next Executive Committee meeting in September 2015 in Iran.
Since its establishment in 1977, the APRACA has been promoting cooperation and facilitating mutual exchange of information and expertise in the field of agricultural and rural finance with the goal to alleviate poverty in the Asia Pacific region.
As on today a total of 70 institutions in 21 countries are affiliated with APRACA as its members.
Bangladesh is likely to get priority for adopting a project funded by the International Fund for Agricultural Development (IFAD) to address the climate change effect in agriculture sector.
A study titled “Water Sector Track Record of Bangladesh”, carried out by the embassy of the Netherlands, estimated that each year 20,000 to 30,000 households lose their homes, land and livelihoods to river erosion and flooding.
Against the backdrop, the executive committee of Asia Pacific Rural and Agricultural Credit Association (APRACA) at a meeting in Colombo, Sri Lank assured that Bangladesh would be given priority for adopting the project along with other member-states of this regional group.
Bangladesh Bank (BB) deputy governor SK Sur Chowdhury, also the chairman of APRACA, requested the committee that Bangladesh should be prioritised for adopting the IFAD project as the country is the most vulnerable to climate change effects.
The deputy governor, who chaired the meeting, also presented a paper on the role of the central bank to address the adverse effect of climate change when he highlighted the green finance strategy of BB to cope with the challenges of the climate change.
Held in Colombo early this month, the 65th APRACA executive committee meeting was represented by 50 experts in the field of rural and agricultural financing representing Bangladesh, India, Pakistan, Iran, Nepal, Thailand, the Philippines and the host country Sri Lanka.
Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal inaugurated the meeting. This year’s the meeting focused on ‘Adaptation and Mitigation of the Impact of Climate Change on Rural and Agricultural Finance’.
There was also a detail discussion on the project on addressing climate change effect in the region with IFAD-funded project. The committee also decided to hold the next Executive Committee meeting in September 2015 in Iran.
Since its establishment in 1977, the APRACA has been promoting cooperation and facilitating mutual exchange of information and expertise in the field of agricultural and rural finance with the goal to alleviate poverty in the Asia Pacific region.
As on today a total of 70 institutions in 21 countries are affiliated with APRACA as its members.
