The Financial Express

July foreign aid inflow encouraging: ERD

| Updated: October 25, 2017 05:23:34

'Foreign aid inflow in July encouraging'

The foreign aid inflow to Bangladesh during the first month (July) of the current fiscal year was a bit encouraging as the aid disbursement during the last month was $242.3 million higher than the corresponding month of the last fiscal.
According to the latest data of the Economic Relations Division (ERD), the overall foreign aid disbursement in July this year (FY18) totalled $368.24 million against $125.94 million in July last fiscal (FY17).
Out of the totalled disbursed amount in this July, the portion of loan was $ 366.89 million while the portion of grant was $ 1.34 million.
Of the total disbursed amount of $ 125.94 million aid in July last year, the portion of loan was $ 124.44 million while that of grant was $ 1.50 million, the ERD data showed.
Against the disbursement, the overall foreign aid commitment for the month of July in this year was $32.73 million entirely from the grant portion while there was no commitment for loan in July this year.
However, the foreign aid commitment for July in the last year totalled $11,679.8 million, including $12.10 million in grants and $11,667 million in loans.
There was an upsurge in the loan commitment in July last year due to the sole commitment of $11,380 million for the ongoing Rooppur Nuclear Power Plant project, reports UNB.

Share if you like