Loading...
The Financial Express

WB to provide $202m to Bangladesh for improving food storage facility

| Updated: October 19, 2020 20:15:07


WB to provide $202m to Bangladesh for improving food storage facility

The World Bank (WB) has decided to lend Bangladesh a loan of $202 million to modernise and improve food storage facility in the country.

To this end, the Washington-based lender signed a loan agreement with Economic Relations Division (ERD) on Monday.

WB Country Director in Bangladesh Mercy Miyang Tembon and ERD Secretary Fatema Yeashmin signed the deal on behalf of their respective parties.

According to the agreement, the Directorate of Food would build eight steel-structure modern food siloes—six for rice and two for wheat storage.

The total capacity of the eight silo will be 530,000 tonnes of grains.

Besides, the Directorate will also distribute 500,000 household silo among the 500,000 families across the country.

[email protected]

 

 

Square-Toiletries-Ltd-and-the-financial-express
Square-Toiletries-Ltd-and-the-financial-express
Square-Toiletries-Ltd-and-the-financial-express
Square-Toiletries-Ltd-and-the-financial-express

Share if you like