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IFAD in Bangladesh: voices from the field

© IFAD 		Tailor-made: farmer-friendly financial services transform lives in northern Bangladesh

Northern Bangladesh is home to some of the world’s poorest and most vulnerable rural people. The area, like the rest of the country, is frequently hit by floods and cyclones. Its smallholder farmers are trapped in poverty, largely excluded from borrowing and knowledge of farming practices that could help improve their lives and protect them from potential risks. An IFAD-supported project in the north-west and north-central regions of the country has introduced financial services customized to the specific needs of poor farming communities. As a result, incomes are improving and rural people are beginning to lift themselves out of poverty.

Source: IFAD
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"Banker to the poor" Muhammad Yunus receives Nobel Peace Prize

The Norwegian Nobel Committee honoured Muhammad Yunus in Oslo yesterday for his pioneering work in microfinance, presenting him with this year’s Nobel Peace Prize. The award was shared by the Grameen Bank, the Bangladeshi institution that Professor Yunus founded more than 30 years ago.

Source: IFAD
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Statistics
Projects: 28

Total cost:
US$1425.0 million

Approved IFAD loan:
US$578.4 million

Directly benefiting:
8,795,390 households
Contact Information

Thomas Rath
Country programme manager
Via Paolo Di Dono, 44
Rome, Italy
Work: +39 0654592069
Fax: +39 0654593069
t.rath@ifad.org