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Bangladesh receives ADB help with rising food prices

22 July 2008

First developing member-country to receive ADB support for problems arising from food crisis.

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The Asian Development Bank (ADB) is extending a $170 million loan to Bangladesh to cope with the current food crisis.
The loan is part of broader food security package being extended by international agencies and the Government of Bangladesh totalling $1.29 billion.
The Emergency Assistance for Food Security Project, which is supported by ADB and other multilateral agencies, will ensure access to food supply for those hardest hit by recent natural disasters in Bangladesh and the rapid increase in food prices.

Bangladesh, a net importer of food grains, was...