United States Commits $202 Million in Aid to Bangladesh for Inclusive Growth and Institutional Building

U.S. Aid Commitment to Bangladesh

The United States has reaffirmed its commitment to supporting Bangladesh's comprehensive economic growth, institutional development, and overall progress. On Sunday, it announced an additional $202 million in aid. This announcement follows a visit by a six-member U.S. delegation, led by Deputy Under Secretary of the Treasury Department Brent Neiman, marking the first high-level U.S. visit post the interim government's establishment.

Economic Challenges and Requests for Aid

During a televised address, Bangladesh's Chief Adviser Yunus requested $5 billion in international aid to stabilize the economy, which has faced significant challenges from rising fuel and food import costs. This request follows a previous plea for a $4.7 billion bailout package from the International Monetary Fund.

Details of the Aid Agreement

• USAID signed an agreement for over $200 million to promote good governance and social opportunity.
• The agreement aims to empower youth, strengthen democracy, improve health, and expand trade.
• This is part of a broader USAID commitment of $954 million from 2021 to 2026.

Support for Reforms and Dialogue

The U.S. embassy expressed willingness to support Bangladesh in achieving a more equitable future. Discussions during the delegation's visit included reform efforts in the judiciary and financial institutions, as well as addressing the Rohingya crisis.

Meetings with Key Government Officials

The U.S. delegation also held discussions with senior members of the interim government and emphasized collaboration on economic growth and development priorities.