8 July, 2009

Japanese Debt Relief Grant Assistance (DRGA) for

Construction of New Food Go down with Ancillary Facilities in the Northern Region of Bangladesh

     On             On July 8, 2009, the Government of Japan approved the Debt Relief Grant Assistant–Counterpart Fund (DRGA-CF), amounting Tk 24,081.25 lakh (USD 34.40 million) for the project named “Construction of New Food Godown with Ancillary Facilities in the Northern Region of the Country”.  

            The objective of the project is to increase the existing food grain storage capacity of the Directorate General of Food (DGoF) by another 1,10,000 metric tons. Therefore, the project will be helpful for not only to improve food security net of the country but also it will inspire the farmers to produce more food grain by procuring food grain directly from them.

           Mr. Yonezo Fukuda, Charge d’ Affaires expressed his aspiration that, this strategy will ensure food security of Bangladesh by catering smooth supply of food during the time of crisis.

             Note: The Japanese Counterpart Fund is generated from the Debt Relief Grant Aid (DRGA) and K. R. Food Aid. The Japanese Government provided DRGA for eligible debtor countries including Bangladesh in return for repayment of their ODA debts. The total number of DRGA provided to Bangladesh was about 256.8 billion yen (approximately 15,100 crore Taka or 2,334 million USD)