$170m ADB support for food security
The Asian Development Bank (ADB) will provide US$170 million loan to Bangladesh to cope with the rising food price, a bank release said yesterday. The loan is a part of a broader food security package being extended by international agencies and also initiated by the Government of Bangladesh totalling a monetary value of US$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.