Economic Reporter :
The UK has announced an ‘Economic Development Strategy’ for 2017 to support developing countries including Bangladesh creates more jobs and increase international trade, the British High Commission in Dhaka says.
The DFID strategy sets out how investment in economic development would help developing nations “speed up their rate of economic growth, trade more and industrialise faster, and ultimately lift themselves out of poverty”.
“By helping the world’s poorest countries grow their economies, this investment will help create the UK’s trading partners of the future, boost global prosperity and address some of the root causes of global issues such as mass migration and instability that affect the UK”.
The DFID said they had invested £185 million last year in Bangladesh’s development.
International Development Secretary Priti Patel said with the UK’s support, more people across Bangladesh have “the chance to get a job and build a brighter future for themselves and their families. The UK will continue to build this partnership between our two countries”.
Through the new Economic Development Strategy DFID will build the potential for developing countries to trade more with the UK and the world.
They will also focus investment in job-creating sectors such as manufacturing, infrastructure and commercial agriculture to provide strong foundations for sustainable growth.
The UK has announced an ‘Economic Development Strategy’ for 2017 to support developing countries including Bangladesh creates more jobs and increase international trade, the British High Commission in Dhaka says.
The DFID strategy sets out how investment in economic development would help developing nations “speed up their rate of economic growth, trade more and industrialise faster, and ultimately lift themselves out of poverty”.
“By helping the world’s poorest countries grow their economies, this investment will help create the UK’s trading partners of the future, boost global prosperity and address some of the root causes of global issues such as mass migration and instability that affect the UK”.
The DFID said they had invested £185 million last year in Bangladesh’s development.
International Development Secretary Priti Patel said with the UK’s support, more people across Bangladesh have “the chance to get a job and build a brighter future for themselves and their families. The UK will continue to build this partnership between our two countries”.
Through the new Economic Development Strategy DFID will build the potential for developing countries to trade more with the UK and the world.
They will also focus investment in job-creating sectors such as manufacturing, infrastructure and commercial agriculture to provide strong foundations for sustainable growth.
