UNBconnect... (UNB)
July-Feb sees $ 1196.59mn foreign aid flow
Dhaka, Mar 20 (UNB) - The first eight months (July-February) of the current fiscal year saw a slower foreign aid flow compared to the same period during fiscal 2010-11.The foreign aid flow marked a fall by US$ 16.61 million during the July-February period of the current fiscal (2011-12) totalling $ 1196.59 million compared to $ 1213.20 million received during the same period last year, sources at the You +1'd this publicly. Undo <http://www.google.com/>
Economic Relations Division (ERD) said.
The foreign aid commitment for the July-February period of the current fiscal was $ 4021.54 million, including $ 2992.88 million in loan and $ 1028.66 million in grant.
Of the disbursed $ 1196.59 million foreign assistance in the current fiscal, $ 826.60 million came in loan while the rest of $ 370.00 million in grant.
In the last fiscal year (FY 2010-11), the government received a total of $ 1213.20 million in foreign assistance, of which $ 684.97 million came as credit while $ 528.23 million in grant.
During the eight-month period, the government made a repayment of $ 650.75 million to the development partners, of which $ 506.42 million was in principal while $ 144.33 million in interest.
During the same period of the last fiscal, the government made a repayment of $ 583.49 million, of which $ 458.58 million was in principal and $ 124.91 million was in interest.
Of the disbursed loan amount during this July-February period, the ADB disbursed the highest $ 336.21 million followed by the World Bank $ 306.39 million, Japan $ 90.98 million, IFAD $ 10.92 million, Kuwait $ 33.51 million and South Korea $ 33.27 million.
Of the disbursed grants, the World Bank provided $ 59.58 million followed by the European Union $ 35.75 million, UNDP $ 39.65 million, Unicef $ 30.43 million, Germany $ 31.00 million and DFID $ 113.93 million.
Bangladesh witnessed a sharp fall in the foreign aid disbursement during the last fiscal compared to the previous year (2009-10) with the donors not disbursing as per their commitments.
The foreign aid disbursement during the last fiscal totalled US$ 1777.33 million, US$ 450.44 million less than US$ 2227.77 million recorded in fiscal 2009-10.
The aid commitment for the last fiscal, both in loan and grant, was US$ 5929.27 million. Of the amount, the loan component was US$ 5335.08 million, mostly because of the donors’ commitments for the Padma Multipurpose Bridge (PMB) Project.
The grant commitments from the donors during the last fiscal were US$ 594.19 million.
However, the total aid disbursement for the last fiscal was $ 1777.33 million, including US$ 726.62 million as grants and US$ 1050.71 million as credit, according to the sources.