Steady decline in poverty in Bangladesh.

Despite strong economic growth and a steady decline in poverty in Bangladesh over the past decade, natural disasters regularly cause serious damage to the country’s infrastructure and agricultural sectors, severely affecting food access and food availability for the poor and vulnerable. As 80 percent of Bangladesh’s population lives in rural areas and around 53 percent of the rural population is classified as poor, climate shocks and stresses have particularly negative implications for their food, livelihood security, and welfare.

Government of The People’s Republic of Bangladesh has received an IDA credit toward the costs of the Modern Food Storage Facilities Project (MFSP), being implemented by the Directorate General of Food, Ministry of Food. Bangladesh experiences frequent catastrophic weather events resulting in heavy losses in lives and property. Because of these weather related challenges, the Government of Bangladesh is implementing programs aimed at minimizing loss and expediting recovery from these events.

The modern food storage facilities proposed for construction under this project could considerably improve the efficacy of the government’s emergency response and recovery efforts in disaster-prone areas, and could enhance the efficiency of its Public Food Distribution System. To respond to the above challenges, GoB seeks to improve its capacity to respond to short and longer term post-disaster food and nutrition security needs by enhancing its network of food grain storage facilities and building modern food storage facilities; at the same time, it aims to improve the efficacy and accountability of the public food grain system.

Modern storage facilities proposed for construction under this project in different strategic locations across the country will allow grain to be kept in bulk for up to two to three years in better conditions relative to the godowns used currently, with reduced grain losses and enhanced nutritional value of the grain distributed. With strengthened capacity for improving stock management in the modern silos, and comprehensive analyses for enhancing the overall policy framework on strategic grain reserves, GoB will be in a position to make sound and informed decisions as it reconciles the three strategic objectives that impact the domestic food market: