Japan provides 40pc of BD’s AfT

Dhaka,  Wed,  23 August 2017
Published : 14 Jul 2017, 14:30:01 | Updated : 14 Jul 2017, 15:16:49

Japan provides 40pc of BD’s AfT

FE Online Report
Japan has emerged as Bangladesh's top donor of Aid for Trade (AfT), according to the latest statistics of the World Trade Organisation (WTO).

In 2015, the world's third largest economy provided 40 per cent of AfT received by the South Asian country. The amount was $359.5 million while total AfT was $910.1 million.

The WTO, in association with Organisation for Economic Cooperation and Development (OECD), prepared and released the report titled ‘Aid for Trade at a Glance 2017: Promoting Trade, Inclusiveness and Connectivity for Sustainable Development’ in Geneva.

The data also showed that the World Bank became the second largest donor of AfT. The amount was $292.4 million or 32 per cent of AfT channelled through the bank's International Development Association (IDA) window.

Asian Development Bank (ADB) disbursed $88.8 million or 10 per cent of AfT in 2015.

The United States (US) and South Korea became the fourth and fifth largest donor of AfT to Bangladesh. These two countries disbursed $50.6 million and $35.2 million respectively in 2015 as aid to assist trade. 

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