Dhaka, March 30 -- Although foreign aid commitments made to Bangladesh by global lenders surged more than 300 percent year-on-year in the first eight months of the current fiscal year of 2023-24, disbursement has remained almost flat.
In the July-February period, loan commitments from development partners increased to $7.2 billion, up 304 percent, according to the Economic Relations Division (ERD) of the finance ministry.
Around $6.74 billion came in the form of loans while the remaining $461.14 million were grants.
But at a time when Bangladesh is badly in need of foreign currencies, the loan disbursement stood at $4.99 billion, only up by 2 percent from that in the same period a year ago.
Lower disbursement of foreign assistance is a ...