PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

584287

Primary Business Area

Investment Climate

Disclosure Date

May 14, 2013

Country

Bangladesh

Region

South Asia

IFC Approval Date

Mar 11, 2013

Status

Completed

Estimated Total Budget

$2,705,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jan 2, 2018

Project Estimated End Date

Dec 31, 2015

Project Description

The project will focus on addressing the main regulatory and policy constraints that adversely affect the performance of the agribusiness sector throughout the value chain/s with the objective of catalyzing investment. The project will work in two components:
Component 1: streamline regulatory framework in agribusiness
• Streamline input market regulations through harmonization of seed variety development and quality control legislation.
• Improve the regulatory framework on post-harvest infrastructure through reducing the cumbersome regulatory requirements in opening and operating cold storage and warehouses.
• Improve the regulatory framework on food safety and standards by upgrading and harmonizing food product standards and introducing modern food safety process certification systems.
• Regulatory framework for contract farming through establishing an effective regulatory framework, ensuring enforceability from processors and producers.
Component 2: strengthening investment facilitation supports
• Strengthening institutional support to implement agri-sector specific investment facilitation strategy to ensure effective coordination among stakeholders aimed at strengthening investment facilitation efforts. • Investment facilitation and attracting investors through developing value proposition for identified opportunities and mechanism for effective investor outreach.

Development Results