News & Events


IFAD Supervision Mission Evaluated initial activities of PACE Project

1st Supervision Mission (30th August-11September 2015): A Supervision Mission of International Fund for Agricultural Development (IFAD), visited activities of PACE Project from 30th August 2015 to 11th September 2015. An eight-member team led by Mr. Hubert Boirard, Country Programme Manager, IFAD visited Project activities in seven districts of the country during the evaluation. The mission expressed its satisfaction on progress of initial activities done under the Project. The wrap-up meeting of the mission was held on 10th September 2015 at Bank and Financial Institutions Division of Ministry of Finance. Mr. Gokul Chand Das, Additional Secretary, Bank and Financial Institutions Division presided over the meeting. Mr. Md. Fazlul Kader, Deputy Managing Director (Operations) and Mr. Akond Md. Rafiqul Islam, Project Coordinator, PACE Project & General Manager (operations) attended the meeting on behalf of PKSF.

2nd Supervision Mission (3rd February-15th February 2016):
IFAD Supervision Mission evaluated progress of PACE project from 3rd February to 15th February 2016. It was the second supervision mission of the Project. A five-member team led by Mr. Nicolas Syed, Country Programme Officer of IFAD took part in the mission. The members visited activities of the Project in five districts of the country namely, Rajshahi, Jessore, Meherpur, Chuadanga and Satkhira. Project coordinator of the PACE Project Mr. Akond Md. Rafiqul Islam, General Manager and Mr. Gokul Chandra Biswas, Assistant General Manager accompanied the visiting mission members during the field visit. The team visited various microenterprises and value chain activities supported through PACE Project. The Supervision Mission expressed its satisfaction over the progress of the Project.

The wrap-up meeting of the mission was held at Bank and Financial Institutions Division of Ministry of Finance on 14th February 2016. Dr. M. Aslam Alam,Secreatry, Bank and Financial Institutions Division presided over the wrap-up meeting.

Mr. Md. Fazlul Kader, Deputy Managing Director (Operations); Mr. Akond Md. Rafiqul Islam, Project Coordinator, PACE Project & General Manager (Operations) and Mr. Shudhir Kumar Das, Manager (Finance and Accounts) attended the meeting on behalf of PKSF.

3rd Supervision Mission (30th August-12th September 2016):
A Supervision Mission of International Fund forAgricultural Development (IFAD), visited the project areaof Promoting Agricultural Commercialisation andEnterprises (PACE) from August 30, to September 12,2015. An eight-member team led by Mr. Hubert Boirard, Country Programme Manager, IFAD visited the projectactivities in seven districts. During the visit, the missionfelt quite satisfied over the progress of the project. A wrap-up meeting of the mission was held on September

10, 2015 at Bank and Financial Institutions Division of theMinistry of Finance. Mr. Gokul Chandra Das, Additional Secretary, Financial Institutions Division presided over the meeting. Mr. Md. Fazlul Kader, Deputy Managing Director (Operations-1), PKSF and Mr. Akond Md. Rafiqul Islam, Project Coordinator, PACE and GeneralManager (Operations), PKSF attended the meeting.

Feasibility Study to establish Crab Hatchery in Bangladesh
The crab culture is a potential economic activity in the coastal areas of Bangladesh. Considering increasing demand for crabs in the export market, PKSF has taken initiative to establish crab hatcheries in the coastal region of the country in order to increase the supply of Crablets. Finding crab hatcheries in Vietnam very successful, PKSF decided to bring the technology of crab hatchery from that country. The transfer of crab hatchery technology will be done under ‘Promoting Agricultural Commercialization and Enterprises (PACE) Project’ jointly financed by PKSF and International Fund for Agricultural Development (IFAD).

PKSF conducted a feasibility study through Centre for Education and Community Development (CECD), a Vietnamese development Organization from 25 November 2015 to 09 December 2015. A five-member Vietnamese expert team conducted the study in three coastal districts, Cox’s Bazar, Shatkhira and Patuakhali. The expert team commented that the coastal area of Shatkhira is very suitable for crab hatchery establishment and recommended starting construction of hatchery there. Once the hatchery construction is completed, it will increase the supply of Crablets and reduce the dependency on natural sources for crab fry collection.

Training
PKSF organized four training courses on Value Chain Project Design and Management during October-December, 2015 under Promoting Agricultural Commercialization and Enterprises (PACE) Project. The courses were organized at the training venue of PKSF and Institute of Microfinance (InM). A total of 86 officials of 43 Partner Organizations (PO) of PKSF took part in these courses. Apart from the resource persons of PKSF and InM, the expert from other organizations engaged in value chain development activities conducted sessions in the courses. The participants gained technical knowledge regarding sub-sector analysis, value chain project design and management from these training courses.

PACE project organized training courses in 12 batches on Reporting Formats developed for smooth monitoring of the progress of Microenterprise and Value Chain Development activities. As many as 239 officers from different POs participated in these trainings.

Workshops
PKSF and Development Alternatives Incorporated (DAI) jointly organized two Linkage Workshops in Jessore and Barisal on 13 December 2015 and 15 December 2015 respectively. The workshops were organized in the backdrop of signing MoU between these two organizations. To expand the financial and non-financial services among the beneficiaries of both USAID supported Agricultural Value Chain (AVC) project and PKSF financed programs of different MFIs was the main objective of the workshops. DAI has been implementing USAID supported Agricultural Value Chain (AVC) project in 20 southern districts of the country. Deputy Commissioner of Jessore Dr. Humayun Kabir and Deputy Director, Department of Agricultural Extension, Barisal Mr. Ramendranath Baroi presided over the workshop in their respective district. The financial products of MFIs and activities of AVC project were presented at the workshops. Mr. Akond Md. Rafiqul Islam, General Manager (Operations) and Mr. Habibur Rahman, Manager (Operations) attended the workshops on behalf of PKSF. Officials of DAI, selected MFIs and members of AVC project participated in the workshops.

PACE Project organizes regional workshops on Value Chain Development to promote potential subsectors in different areas of the country.

The project organized three regional workshops from 28-30 March 2016 in Dhaka, Chittagong and Rangpur regions for officers of Partner Organization (POs) working in the respective regions. As many as 87 officers from 44 POs attended these workshops. Concerned officers and Value Chain Specialist of PACE project conducted these workshops.

Meeting with Bibi Russel
A discussion meeting with renowned fashion designer Bibi Russel was held at PKSF on 01 November 2015. The meeting was presided over by the Deputy Managing Director (Operations) Mr. Md. Fazlul Kader. Officials of PACE project participated in the meeting. Appreciating the interest of PKSF in promoting Jamdani products, Bibi Russel emphasized on the importance of improving efficiency in different stages of Jamdani production including diversification of designs. She expressed her interest to provide supports of any kind in the efforts of PKSF in developing Jamdani sub-sector.

Baseline survey of PACE Project conducted
A baseline survey of PACE Project was conducted to collect benchmark information of the project participants on various socio-economic indicators. A consulting firm named Development Technical Consultants Pvt. Ltd. (DTCL) appointed by PKSF carried out this survey. The survey team collected information and data of 1400 direct and 375 indirect beneficiaries of the Project from 16 districts of the country. The final report of the survey was submitted by DTCL in February 2016.

The benchmark information collected through this survey will be used to measure the changes of socio economic conditions of the Project participants at the middle and at the end of the Project. PKSF will conduct mid-term outcome survey and the impact survey of the Project.

Inauguration of Crab Hatchery Production
PKSF established a crab hatchery in Shyamnagar, Satkhira through its Partner Organization in order to expand the crab culture subsector, a potential export oriented subsector in the southern coastal region of the country. The crab hatchery was established under Promoting Agricultural Commercialization and Enterprises (PACE) project. PKSF completed the construction of the hatchery through its Partner Organization (PO) Nowabenki Gonomukhi Foundation (NGF). Dr. Qazi Kholikuzzaman Ahmad, Chairman, Governing Body of PKSF inaugurated this first ever success crab hatchery in Bangladesh. After inaugurating the hatchery, he released Crablets produced in the hatchery in a nursery pond. Thousands of crab farmers will be benefited from this crab hatchery. Reducing dependency on natural sources like Sundarban, this crab hatchery having capacity to produce 3.2 million Crablets per year, will play an important role in conserving biodiversity in the region as well. A Vietnamese development organization named ‘Center for Education and Community Development (CECD)’ provided all technical supports to transfer the crab hatchery technology from Vietnam to Bangladesh. In his inaugural speech, Dr. Qazi Kholikuzzaman Ahmad, Chairman, Governing Body of PKSF expressed his commitment to intensify PKSF’s endeavours toward the expansion of potential economic activities in the country. He also expressed his hope to establish small scale household level crab Hatchery for the betterment of crab farmers.

Mr. Abdul Karim, Managing Director of PKSF and Mr. Fazlul Kader, Deputy Managing Director of PKSF also spoke on the occasion. Ms. Pham Thi Hong, Executive Director, CECD, Vietnam; Mr. Lutfur Rahman, Executive Director, Nowabenki Gonomukhi Foundation (NGF) and other officials of PKSF and NGF were present in the program. Local crab farmers and other people attended the ceremony.

Supervision Mission of IFAD
IFAD supervision mission evaluated the progress of implementation of PACE project, jointly financed by PKSF and IFAD from August 30 to September 12, 2016. This was the 3rd Supervision mission of IFAD. A four-member team led by Mr. Peter Situ evaluated the project management and progress of field level activities of the project. Mission members visited microenterprises and value chain activities of PACE project in Jessore, Meherpur and Chuadunga districts. The IFAD representatives met and discuss with project participants and concerned officials of partner organizations during the visit. The mission expressed their satisfaction in overall progress of the project.

The wrap-up meeting of the mission was held on 8th September 2016 at Bank and financial division of the Ministry of Finance. Mr. Manik Chandra Dey, additional secretary of the Ministry of Finance presided over the meeting. Mr. Golam Touhid, Deputy Managing Director (Finance); Mr. Akond Md. Rafiqul Islam, General Manager (Operations), & Project Coordinator of PACE project and Mr. Gokul Chandra Biswas, Assistant General Manager participated in the wrap-up meeting on behalf of PKSF.