FE Today Logo

Foreign aid inflow jumps by 91pc in five months

It may soar further subject to timely implementation of projects


FHM Humayan Kabir | December 20, 2017 00:00:00


Bangladesh received US$1.72 billion worth of foreign aid in July-November period this fiscal year (FY2017-18).

The disbursements of the concessional medium- and long-term (MLT) assistance were 91 per cent higher than $903.18 million registered in the corresponding period of last FY (2016-17), according to provisional data released Monday.

Of the total assistance, the development partners provided $1.60 billion in concessional loans and $126.73 million in grants, the Economic Relations Division (ERD) data showed.

Meanwhile, the aid commitments of US$6.71 billion were registered during the first five months of the current FY.

The commitments were very high at $13.42 billion in the same period of last FY when the government signed a loan agreement of $11.38 billion with Russia for the Rooppur nuclear power plant project, an ERD official said.

Talking to the FE, ERD Secretary Kazi Shofiqul Azam termed the aid inflow impressive and expected to achieve the external assistance target of nearly $7.0 billion by the end of this FY. The target is 35 per cent more than that of the last FY.

He said the aid disbursements would increase further subject to timely implementation of the projects.

The development partners like the World Bank (WB), ADB, JICA, DFID and IDB disbursed concessional loans every year for the development of Bangladesh.

According to the ERD data, out of the $6.71 billion MLT concessional aid commitments, they confirmed $6.57 billion in loans and $142.69 million in grants in the July-November period of this FY.

Meanwhile, the country paid back $524.84 million worth of loans -- $414.62 million in interests and $110.21 million in principal amounts -- during the first five months of the current fiscal year, the ERD data showed.

In the same period of last FY, it repaid a total of $433.08 million in loans-- $339.33 million in interests and $93.75 million of principal amounts.

The government received a total of $3.56 billion in foreign assistance (concessional loans and grants) in the last FY.

kabirhumayan10@gmail.com


Share if you like



COMPANY YCP HIGH LOW CLOSE %CHG
NTLTUBES 110.0 121.0 111.6 119.8 8.9091%
FINEFOODS 35.5 39.0 34.8 38.4 8.169%
UPGDCL 304.9 331.5 305.0 324.4 6.3955%
REPUBLIC 28.4 30.4 29.0 30.0 5.6338%
STYLECRAFT 3512.7 3688.3 3570.9 3688.1 4.9933%
ICBAMCL2ND 6.6 7.0 6.5 6.9 4.5455%
ICBAGRANI1 6.9 7.2 7.2 7.2 4.3478%
NAHEEACP 80.6 85.9 80.8 83.8 3.9702%
ATLASBANG 127.0 133.0 127.0 131.0 3.1496%
PRAGATILIF 129.4 138.0 117.0 133.4 3.0912%
COMPANY YCP HIGH LOW CLOSE %CHG
FINEFOODS 38.8 39.0 34.8 36.0 7.7778%
NTLTUBES 119.0 121.0 111.6 112.5 5.7778%
UPGDCL 321.8 331.5 305.0 305.1 5.4736%
EBL1STMF 7.5 7.7 7.2 7.2 4.1667%
PREMIERCEM 77.7 77.7 75.1 75.1 3.4621%
ISLAMIINS 21.4 21.8 20.7 20.7 3.3816%
RELIANCE1 9.5 9.5 9.2 9.2 3.2609%
ATLASBANG 131.1 133.0 127.0 127.0 3.2283%
STYLECRAFT 3682.6 3688.3 3570.9 3571.0 3.1252%
ICBAMCL2ND 6.8 7.0 6.5 6.6 3.0303%
COMPANY YCP HIGH LOW CLOSE %CHG
ETL 15.0 13.0 9.9 10.4 -30.6667%
INTECH 66.8 67.0 60.2 60.5 -9.4311%
MLDYEING 22.8 23.5 20.8 20.9 -8.3333%
KPCL 130.9 131.6 118.0 121.0 -7.563%
VFSTDL 28.7 28.8 26.1 26.6 -7.3171%
PDL 18.1 18.0 16.5 16.8 -7.1823%
PRIMETEX 31.8 32.0 29.3 29.6 -6.9182%
POPULARLIF 119.4 120.0 110.0 111.3 -6.7839%
HRTEX 43.6 44.1 40.3 40.7 -6.6514%
SAFKOSPINN 21.1 21.6 19.5 19.7 -6.6351%
COMPANY YCP HIGH LOW CLOSE %CHG
ETL 10.5 13.0 9.9 13.0 -19.2308%
SHURWID 22.1 25.0 22.1 24.6 -10.1626%
INTECH 60.2 67.0 60.2 67.0 -10.1493%
CVOPRL 155.1 172.5 155.1 172.0 -9.8256%
KPCL 119.1 131.6 118.0 131.6 -9.4985%
MLDYEING 21.0 23.5 20.8 23.2 -9.4828%
SAFKOSPINN 19.7 21.6 19.5 21.5 -8.3721%
METROSPIN 8.3 9.0 8.3 9.0 -7.7778%
POPULARLIF 110.3 120.0 110.0 119.0 -7.3109%
VFSTDL 26.7 28.8 26.1 28.8 -7.2917%