Korea keen to support rural development in Bangladesh

South Korea is interested to provide both financial and technical support to Bangladesh for rural development, especially through development in agriculture sector, according to a senior official of the East Asian country.
Chief Executive Officer (CEO) of Korea Rural Community Corporation (KRC) Dr Sang Mu Lee said on the sideline of a conference in the capital on Saturday, “My two staffs have already visited the northern and southern parts of Bangladesh to select suitable areas to implement rural development projects,” UNB reports.

The rural development projects would not be big ones (within $25 million) he said, adding that Korea will first take a develop project on pilot basis to take experience from the ground before going for implementing a bigger rural development project in a country with such a culture and ecosystem like Bangladesh.
Pollibir Unnayan Sangstha, Thakurgaon, in collaboration with KRC organised the meeting on ‘Comparative analysis of South Korea and Bangladesh rural development experiences’ at BRAC Center for Development Management (BRAC-CDM), Savar.

Dr LEE said Saturday’s meeting is discussing how rural development projects will be formulated considering Bangladesh’s perspectives and Korean rural development experiences.
“After the meeting, a project proposal will be submitted to the KRC soon. I hope this project will be operational by 2018,” he said, adding that the KRC will provide funds to Bangladesh as official development assistance.

Dr LEE said the KRC will provide support to develop rural agriculture, agro-based firms, infrastructure and education – whatever is needed for rural development of the country.
Observing that there is scope to adapt Korean rural development projects in Bangladesh, the KRC CEO said KRC is a specialised agency with abundant on-the-ground experience of Korean rural development.

Source: The Daily Sun. Date: 6 March 2016