Bangladesh, June 16 -- A gradual shift towards more effective public spending in agriculture could help Bangladesh build a more productive and resilient agrifood system, safeguard farmers' livelihoods and create employment opportunities, according to a new World Bank (WB) report.
The report, Repurposing Agricultural Public Spending for Quality Growth and Jobs in Bangladesh's Agrifood System, notes that Bangladesh assigns considerable importance to agriculture, allocating around 10 per cent of total public expenditure to the sector.
However, agricultural growth has slowed in recent years, productivity gains have weakened, and diversification into higher-value products has progressed more slowly than expected, despite growing consumer deman...