IFAD honoured for innovative agri financing project in BD

In recognition of work to give 200,000 small-scale farmers in Bangladesh access to vital financial services, the International Fund for Agricultural Development (IFAD) on Wednesday received the Development Impact Honours award from the United States Department of the Treasury. “The project for which IFAD is being recognised is a perfect example of how partnerships can be leveraged to maximise our overall development impact,” said John McIntire, Associate Vice-President of  IFAD. With critical support from IFAD member states such as the United States, the Fund was able to partner with small farmers in Bangladesh to create a viable and sustainable microfinance model that enabled them to invest in and grow their own businesses, according to a message received in Dhaka from Washington DC, said a news agency.