WB on top in aid disbursement to Bangladesh
Tuesday, 18 March 2014
The World Bank has provided the highest amount of foreign aid to Bangladesh since independence until the last fiscal year (2012-13) with an amount of over $ 13.1 billion out of the country's all major bilateral and multilateral development partners, reports UNB.
The Washington-based lending agency has provided an overall amount of $ 13,113.0 million to Bangladesh till the last fiscal year, according to the latest data of the 'Flow of External Resources into Bangladesh 2012-13' released by the Economic Relations Division (ERD).
Of the overall disbursed amount by the World Bank, $ 12,550.7 million are in the form of loans while $ 562.3 million in the form of grants.
The flagship ERD publication showed that the Asian Development Bank provided the 2nd highest of $ 9,130.2 million followed by Japan $ 7,449.7 million.
The United States came up with the 4th highest amount of foreign aid of $3,550.3 million followed by UN System $ 3,061.8 million, UK $ 2,298.0 million, Canada $ 2,138.6 million, Germany $ 1,788.1 million, EU $ 1,620.3 million, Netherlands $ 1,180.6 million and Unicef $ 1,038.3 million.
The other major notable development partners who have come up with assistance from 1971-72 fiscal year to 2012-13 fiscal year are Denmark $ 947.2 million, Saudi Arabia $ 904.7 million, Sweden $ 857.3 million, Norway $ 712.5 million, France $ 581.0 million, IDB $ 579.1 million, India $ 453.4 million and Australia $ 437.3 million.
According to the latest 'Flow of External Resources into Bangladesh', the overall foreign aid disbursement since the country's independence till the last fiscal year totalled $ 59,311.657 million, including $ 24,661.358 million in grants while $ 34,650.229 million in loans, against the commitment of $ 81,049.174 million.