ADB to lend $170m to face food crisis
The Asian Development Bank will lend Bangladesh $170 million to help cope with a rapid rise in food prices. The loan, part of a package with other multilateral aid donors, "will ensure access to food supply for those hardest hit by recent natural disasters in Bangladesh and the rapid increase in food prices," the ADB said in a statement yesterday. ADB funding will provide support to Bangladeshi government "safety net programmes" intended to ensure that some five million poor people get access to food.