World Bank to provide $300m for food security; deal signed

A financing agreement was signed on Monday between the Government of Bangladesh and the International Development Association (IDA) of the World Bank Group for an amount of Special Drawing Rights (SDR) 219,200,000.00 equivalent to $ 300.00 million to implement the "Emergency Support for Food Security Project". 

The implementation period of the project is from 1st July 2026 to 30 June 2027.

MdShahriar Kader Siddiky, Secretary, Economic Relations Division (ERD), Ministry of Finance and Jean Pesme, Division Director of the World Bank for Bangladesh and Bhutan signed the financing agreements on behalf of their respective sides.

The project will be implemented by the Finance Division (FD) in coordination with Bangladesh Chemical Industries Corporation (BCIC) and Bangladesh Agricultural Development Corporation (BADC).�"BSS