5:13 pm - Monday April 19, 5002
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$ 202m WB addl financing to Increase food security

The World Bank’s (WB's) Board of Executive Directors on Saturday approved $202 million in additional financing for the Modern Food Storage Facilities Project to increase the storage capacity of Bangladesh’s national strategic grain reserves by 535,500 tons for 4.5 million households.

The project is helping Bangladesh address food insecurity in challenging times, such as frequent climate-induced disasters or crisis situations like the current COVID-19 pandemic. It is supporting the construction of eight public modern grain storage steel silo complexes for r...