Update February 27, 2015

Dhaka 2-59 pm, 19-September, 2020

Grant of $783m aid signed between European Union and Bangladesh

FR Fateh

EU Ambassador Pierre Mayaudon

EU Ambassador Pierre Mayaudon

27 February 2015, Nirapad News: Pierre Mayaudon, the European Union (EU) ambassador & Head of European Union delegation in Bangladesh said that they want to see Bangladesh as a steady, peaceful and prosperous country.

“Bangladesh needs to improve its public and private sector efficiency, develop skilled manpower, and ensure democratic governance for fostering economic growth and becoming a middle-income country (MIC) by 2021.” He was replying to a question at an aid deal signing ceremony at the Economic Relations Division (ERD) in the capital on Thursday. The EU ambassador and ERD Senior Secretary M Mejbahuddin signed the deal on behalf of their respective sides.

The EU’s Euro 690 million (US$783 million) grant will be utilised in seven years period (2014-2020) to help improve Bangladesh’s democratic governance, human rights and food security situations, and create a large pool of skilled manpower.

The European Commission, EU’s development agency, will provide Euro 103-138 million for strengthening democratic governance, Euro 276-310 million for food security and nutrition, Euro 276-310 million for education and skill development, and Euro 7.0 million for supporting measures out of the proposed Euro 690 million grant.

About cooperation with Bangladesh, Mr Mayaudon said they want to support Bangladesh, so that it can graduate into a MIC. He also said Bangladesh is one of the biggest ready-made garment (RMG) suppliers to the European countries. “We want to help Bangladesh for improving its industrial condition for increasing export every year.”

Meanwhile, an EU delegation from its headquarters is now in the capital on a two-day visit (Feb 26-27) for reviewing the country’s democratic situation, human rights, food security and skilled manpower development issues.

EU is one of the major grant providers to Bangladesh. According to ERD, the country received US$1.71 billion grant from EC until last December.

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