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BD and China to Collaborate in GDI for Strategic Partnership

Economic Tag: Govt.

Bangladesh and China are poised to join hands in the Beijing-sponsored Global Development Initiative (GDI), a significant development program aligned with China’s Belt and Road Initiative (BRI). The Chinese government has shared the final draft of the memorandum of understanding (MoU) on the GDI with Bangladesh for feedback and confirmation. The proposed partnership aims to elevate the strategic cooperative partnership between China and Bangladesh, leveraging Chinese grants, interest-free loans, concessional loans, and development funds. The GDI focuses on priority areas such as healthcare, disaster relief, connectivity, climate change, digital economy, poverty reduction, education, and policy dialogue. As both countries navigate negotiations, it is crucial for Bangladesh to prioritize its national interests while participating in the GDI. The initiative has garnered support from over 100 countries worldwide since its introduction at the United Nations General Assembly in 2021.

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