WB approves $202m to enhance Bangladesh’s food security
The World Bank’s Board of Executive Directors has approved $202 million as 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, said a press release, reports BSS.
The project is supporting the construction of eight public modern grain storage steel silo complexes for rice and wheat in eight different districts.
Currently construction work of food storage is taking place in Ashuganj, Madhupur and Mymensingh, as the additional financing will support the construction of rice silos in Dhaka, Narayanganj and Barishal while wheat silos will be built in Chattogram and Maheshwarpasha.
The release said the additional financing will increase the grain reserve availability to households to meet their post-disaster needs and improve the efficiency of grain storage management through an online Food Stock and Market Monitoring System (FSMMS).
The project will also create new job opportunities, especially for women, in the operation and management of silos.
“Nearly 80 percent of Bangladesh’s population lives in rural areas with climate shocks threatening their livelihoods, welfare, and food security,” said Mohammad Anis, Acting World Bank Country Director for Bangladesh and Bhutan.
This modern food storage system, combined with an effective distribution system, will help ensure food security after a natural disaster or during a crisis such as the current COVID-19 pandemic, he added.
The project has already helped manufacture and distribute 500,000 household air- and water-tight food containers (“household silos”) to poor farmers and women-headed vulnerable households in disaster-prone coastal areas.
This success has led the government to commit to further distribute silos to an additional 300,000 households.
“Currently public food distribution and grain reserves have a total effective capacity of about 2 million tons,” said Christian Berger, World Bank Team Leader for the project.
“Most of these reserves or ‘godowns’ are in poor condition leading to grain losses in quantity and nutritional value. This project helps improve the efficiency of grain storage management, “added the World Bank official.
The project will reduce grain storage and handing losses in public storage facilities by at least 50 percent and extend the nutritional value of grain for up to 2 years, instead of the current 6 months.