Ongoing Project Article Count: 3
Following the negotiations with the ADB and approved by the Government of Bangladesh, the Chittagong Hill Tracts Rural Development Project-I (CHTRDP-I) was undertaken which was successfully completed in December 2009. ADB then once again approved a Project Preparatory Technical Assistance (PPTA) in January 2010 to help the ministry of Chittagong Hill Tracts Affairs (MOCHTA) formulate CHTRDP-II. Following the report of PPTA and lesson learned under the CHTRDP-I, the second Chittagong Hill Tracts Development Project has been initiated with the assistance of ADB & GOB funding.
SIEERC project follows M4P approach. It identifies systemic problems of markets and addresses them through bringing together incentives and capacities of market actors. SIEERC facilitates in addressing underlying problems in the value chains to support the poor and very poor for their economic empowerment through develop them as entrepreneur and skilled labor for employment. The process starts with understanding the market systems that the poor live and work. The project uses existing actors, and in particular private sector enterprises, as important players to change or improve the market systems. These actors are incentivized to work with the Local Service Provider (LSP) and their association, traders & inputs providers.