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The Economic Relations Division of the Ministry of Finance has signed a technical assistance project agreement with the Food and Agriculture Organization (FAO) of the United Nations (UN).
The core objective of this collaboration is to evaluate the potential of mechanised ratooning rice systems, reports BSS.
The agreement was signed on Tuesday by Sharifa Khan, secretary of the Economic Relations Division, and Robert D. Simpson, FAO representative in Bangladesh, said an ERD press release.
Implementation of the project will be led by the Bangladesh Rice Research Institute under the Ministry of Agriculture. This collaborative initiative will be carried out simultaneously in Bangladesh, China, and Vietnam. The allocated budget for the project in Bangladesh amounts to $146,044.
Since becoming a member of FAO in 1973, Bangladesh has benefited from the organisation's technical and financial support across various domains, including food, agriculture (crops, fisheries, livestock), and environmental matters.
Over the years, FAO has contributed to 400 projects within the country. These projects are closely aligned with the objectives of the eighth Five Year Plan and the Sustainable Development Goals, thereby supporting Bangladesh's endeavours to establish efficient, inclusive, resilient, and sustainable agro-food systems.
The project's execution falls within the framework of FAO's Country Programming Framework for 2022-2026. This framework is centred on the attainment of improved production, nutrition, environmental sustainability, and overall quality of life for all citizens, leaving no one behind.