Wednesday, January 28, 2009

German assistance pledge to Bangladesh

German Foreign Secretary Reinhard Silberberg made pledges of continued aid to help meet the Millennium Development Goals during a recent visit to Bangladesh. Secretary Silberberg also pledged to continue aid to Bangladesh despite the current financial credit crisis.

Bangladeshi newspaper The Daily Star made record of the visit and pledge.

Silberberg who had one and a-half-hour discussions on trade, investment, aid and cooperation in international arena said, “We will keep high level of assistance and increase step by step as we promised as part of the Millennium Development Goals (MDG) policy and this is a commitment that we will not put into dark.”

Germany has so far provided 4.4 billion euros (5.8 billion dollars) as direct assistance or indirect multilateral aid contributions to help combat poverty, protect human rights and achieve economic development.

On German investment in Bangladesh, he said the investment is made by private companies adding, “What we can do we can talk about to improve the framework for foreign investment.” He, however, said, “I think something could be done for further improvement of environment for foreign investment.”

About bilateral trade, he said Bangladesh has been enjoying trade surplus with Germany and EU, saying, “We have positive trend in bilateral trade and we favour a lot of Bangladeshi exports.”

Germany is the second-largest export destination for Bangladesh after the United States. The annual trade volume between the two countries is set to reach about 2 billion euros, with Bangladesh enjoying a trade surplus of more than 1.3 billion euros annually.

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