Pran Dairy Limited (PDL)'s business is suffering from the effects of the coronavirus disease (COVID-19) crisis, particularly the disruptions in the food and agricultural supply chain. PDL needs additional working capital to (i) ensure the sustained procurement of milk from its network of 12,000 smallholder dairy farmers, (ii) cover longer receivables from its trade network and advances to farmers, and (iii) cover emergency operational expenses in response to COVID-19, all of which will help sustain its business. The project will therefore preserve the livelihoods of workers and farmers during the pandemic, and generally ensure continued access to affordable dairy products. It will also improve gender inclusion at PDL.
This report describes the terms and conditions of a project for consideration for approval by ADB under the Faster Approach to Small Nonsovereign Transactions (FAST) framework.
This document dated July 2020 is provided for the ADB project 54236-001 in Bangladesh.