Government Inks Agreement with IOM for $581,010 Grant

Switzerland has teamed up with the United Nations Population Fund (UNFPA) to provide over $2.2 million for adolescents, youth, women, and girls in Rohingya refugee camps and marginalized host communities in Cox's Bazar and Bhasan Char.

Russia has announced the donation of 30,000 metric tonnes of Muriate of Potash (MoP) fertilizer to Bangladesh as a gesture of friendship and cooperation. The CEO of Russia's second-largest ammonia and nitrogen fertilizer company, Uralchem, conveyed this decision in a letter to the Agriculture Ministry.

The second amendment to a project for displaced Rohingya people is set for approval at the ECNEC meeting on November 25, according to the Planning Commission. Funded by the World Bank, the project focuses on engaging vulnerable youth and women in productive work within refugee camps to enhance basic services, social stability, and awareness. The project, which began with an agreement in 2018, has received total funding of 595 crore BDT.

USAID will provide a $15 million grant for the ClimAct Project in Bangladesh, aimed at supporting the country's green and climate-resilient initiatives. The project will assist the Ministry of Environment in implementing the National Adaptation Plan and Nationally Determined Contributions, focusing on policy and planning, accessing finance, and governance of climate actions.

In the first quarter of FY 2024-25, Bangladesh received $846.12 million in foreign aid, a 34% drop from $1.28 billion in the same period last year, according to Economic Relations Division data. Debt servicing surged by 33%, with $1.13 billion repaid, up from $870.46 million in Q1 FY24. 

Sweden is supporting the 5.8 million flood-affected individuals in eastern Bangladesh with $1.85 million (Tk 22.2 crore) in humanitarian assistance, channeled through organizations like the Norwegian Refugee Council (NRC), Islamic Relief, Danish Refugee Council (DRC), and Action Against Hunger (AAH).