The Asian Development Bank (ADB), on Wednesday said it approved a loan of 71 million U.S. dollars to improve flood control, irrigation, and water resources management in Bangladesh.
The project in rural communities in Gopalganj and Madaripur districts, would strengthen their preparedness and resilience to the effects of climate change, the bank said in a press statement.
Based on the Global Climate Risk Index, Bangladesh is ranked seventh regarding vulnerability to climate risk, the bank said.
It added that the country “faces increasing frequency and intensity of extreme weather and slow-onset climate events.
The ADB said the project is expected to benefit more than 600,000 people and would introduce climate-resilient flood control, drainage, and irrigation measures to reduce saline intrusion.
The ADB support “will further boost economic growth and productivity, increase incomes and sustainable livelihoods, especially for women and vulnerable groups.
It would also reduce poverty in rural areas of southwest Bangladesh,” ADB Senior Project Management Specialist, Pushkar Srivastava said.