In partnership with the UK and Norway
Agriculture is a major economic driver in Bangladesh, accounting for 23 percent of its gross domestic product and 65 percent of its labor force.
However, climate change poses an especially serious challenge to Bangladesh’s agricultural output and puts its food security at risk. As a low-lying country situated on a delta, Bangladesh can expect increased flooding, salt water intrusion, drought and other natural disasters. At the same time, rising salinity levels in coastal regions are cutting the productivity of many seed varieties long used by its farmers.
As a result, Bangladesh is losing 1.75 percent of its arable land each year – faster than its population growth of 1.5 percent. This means that by 2025, its poorly performing agricultural sector will have to feed 19 million more people with considerably less land.
For food security reasons, it is imperative for farmers to deploy innovative and sustainable practices and technologies, such as stress-tolerant seed varieties that withstand prolonged periods of submergence, high levels of salinity, and drought conditions.
IFC is actively promoting climate-resilient agricultural practices in Bangladesh, working with both the private and the public sectors to build greater efficiencies in the use of their resources.
More specifically, IFC works with:
IFC’s objective is to support farmers in adapting to climate change as well as strengthening food security and social inclusion by:
Including rural women in seed production in remote areas and linking them to seed supply chains.
*As of December 2012
Minakshi Seth | New Delhi, India
5741+1058 / 91-11-4111-1058 | MSeth@ifc.org