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Monday | February 23, 2026 | Dhaka

IFIC Bank, Swisscontact to develop export-oriented vegetable sector

Business Desk :

IFIC Bank PLC has signed a memorandum of understanding (MoU) with Switzerland-based international organisation Swisscontact for a project aimed at elevating the international standards of Bangladesh’s export-oriented vegetable sector and strengthening safe food export capabilities.

Syed Mansur Mustafa, managing director of IFIC Bank PLC, and Helal Hussain, country director of Swisscontact Bangladesh, signed the MoU at IFIC Tower in Dhaka recently, according to a press release.

As the lead financial partner, IFIC Bank will use the project to expand sustainable financing in the agriculture and SME sectors, support export-oriented entrepreneurs, and develop risk-mitigated loan portfolios.

The initiative will also facilitate field-testing and innovation of the bank’s agriculture, SME, and green finance products.

The project is scheduled for a 27-month period, from January 2026 to March 2028.

Under the programme, 1,000 smallholder farmers across the country will receive training on Good Agricultural Practices (GAP), climate-resilient farming, safe pesticide use, residue control, and advanced post-harvest management.

Cluster-based production systems will also be established to ensure traceability, with at least 30 percent female participation in the programme.