Promoting Agrifood Sector Transformation in Bangladesh

Agriculture plays a central role in Bangladesh's economy, especially in rural areas, and further progress in agriculture will remain important as Bangladesh's economy continues to evolve. Bangladesh has made significant agricultural policy reforms since the 1980s, which has largely contributed to achieving self-sufficiency in rice production. However, these policies are now creating headwinds, constraining the emergence of a more diversified production system. With rapid urbanization and income growth, dietary patterns are changing in Bangladesh and new market opportunities are emerging for diverse, safe, and nutritious foods. Thus, additional productive diversification in agriculture and modernization along the agri-food value chain are needed in order to allow the sector to seize the emerging domestic market opportunities. Promoting greater diversification and modernization of the agri-food sector in Bangladesh will require repurposing the country's agricultural support along with increasing private investment, both along the agri-food value chain and in support services to that chain.
[Washington: 2021]

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