Foreign Aid in Bangladesh after the Liberation War: A Study In Retrospect

Abstract

Bangladesh has been a foreign aid recipient since its independence in 1971. It receives foreign assistance mainly to finance the budget or trade deficit and the annual development program (ADP) over a period of time. Moreover, it also gets external assistance in the form of food and commodity aid for various purposes in different years from the donors, mainly for the reconstruction of the newly 
independent country, to overcome various natural disasters such as floods, famine, cyclones, etc. Bangladesh receives foreign assistance from both multilateral and bilateral donors. Three development partners, World Bank, International Development Agency (IDB), Asian Development Bank (ADB), and Japan, provide 52.71 percent of the total disbursed aid to Bangladesh. The paper attempts to undertake a retrospective study of the importance of foreign aid in Bangladesh and as well reconnoitre it’s impact on the overall body politic of the country since its independence in 1971.