U.S. offers Bangladesh $1 billion in aid over next five years

Reuters News
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Posted: Jan 14, 2012 7:48 AM
U.S. offers Bangladesh $1 billion in aid over next five years

DHAKA (Reuters) - The United States said on Saturday that it would offer Bangladesh close to $1 billion in aid over the next five years.

A U.S. Embassy statement said that the money would go towards alleviating poverty and malnutrition, as well as family planning and the fight against infectious diseases.

The funds will also be used to support research in improving farm productivity and deal with the impact of climate change.

As of 2011, the U.S. government has provided over $5.7 billion in development assistance to Bangladesh.

(Reporting by Serajul Quadir, Editing by Jonathan Thatcher)