PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601624

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

Sep 5, 2016

Country

Bangladesh

Region

South Asia

IFC Approval Date

Jul 20, 2016

Status

Completed

Estimated Total Budget

$351,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2024

Project Estimated End Date

Jun 30, 2019

Project Description

This project proposes a 3-year food safety advisory services support to an agribusiness investment client PRAN Group in Bangladesh in reducing the food safety risks by in-depth implementation of the requirements of food safety management systems and by implementation of good agriculture practices in its supply chains.

The overall objective will be achieved through:

Objective 1: building the capacity of six PRAN processing companies for the implementation of a comprehensive food safety management system leading to improved performance of all companies;
Objective 2: strengthen PRANs extension service capacity in order to build the food safety capacity of PRANs supply chain at the supplier level (farmers and collection centers in fruit/vegetable and spices industries).

Ultimately, the intervention is expected to lead to reduced risk (measured by increased scores in Global Food Safety Initiative (GFSI) or GlobalG.A.P. , the standard on Good Agricultural Practice, assessments), reduced cost and increased sales within all PRAN companies expected to be achieved by project completion.

Within the first few months of implementation, the project scope and expected results under Objective 2 are likely to be adjusted based on the findings of the detailed food safety assessment at a farmers level and the discussions with the client and the donor.

At a same time the project will leverage its resources and efforts with other WBG projects and other donor projects supporting agriculture sector in Bangladesh.

Development Results

E&S Risks / Impacts and Mitigation