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Foreign Assistance and Development in Bangladesh

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Part of the Recent Economic Thought Series book series (RETH,volume 68)

Abstract

With a large population (about 120 million) living in a small land area (55,000 sq. miles) and with a low annual per capita income (about U.S. $250), Bangladesh is classified as one of the poorest countries in the world. Because of its precarious economic condition, various donor countries and agencies have provided the country with substantial amounts of public foreign assistance. Since its independence in 1971 to the year 1992, Bangladesh has received a cumulative sum of 24 billion dollars in foreign aid (grants and loans) from all donor countries and agencies combined (ERD 1993). In 1992 alone, it received a sum of $1,611 million in foreign aid (ERD 1992) which constitutes about $14 per capita and about 7 percent of its 1992 GDP. More importantly, foreign aid constitutes an extremely high proportion (about 90 percent) of the country’s development budget.

Keywords

  • Gross Domestic Product
  • Foreign Capital
  • Donor Country
  • Domestic Saving
  • Foreign Assistance

These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Islam, A.M. (1999). Foreign Assistance and Development in Bangladesh. In: Gupta, K.L. (eds) Foreign Aid: New Perspectives. Recent Economic Thought Series, vol 68. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-5095-2_12

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  • DOI: https://doi.org/10.1007/978-1-4615-5095-2_12

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