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Bangladesh fetched USD 6.79B foreign aids in July-March of FY’22

by Analysis Team
April 24, 2022
in Development, NGO & Development
0
Bangladesh fetched USD 6.79B foreign aids in July-March of FY’22

Bangladesh fetched a record USD 6.79 billion in foreign aid in the first three quarters of FY’22, up 55 per cent from past fiscal’s, officials say.

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In the fiscal year (FY) 2020-21, external development partners disbursed USD 4.38 billion worth of assistance during the July-March period.

Of the total amount of USD 6.79 billion, according to ERD data, the ADB alone provided USD 1.91 billion and Japan USD 1.57 billion. Besides, the largest multilateral development partner-the World Bank-also supplied USD 834.55 million while Russia USD 971 million during the period under consideration.

The partners have also given hope of a significant amount of medium to long-term loans and grants by signing deals worth USD 5.43 billion.

Source:

The Financial Express

Analysis Team
Author: Analysis Team

Tags: DevelopmentForeign aidsLoans and grants
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