Country Report Bangladesh January 1996 Main report

Aid & Development: The WFP and the EU provide wheat--

The World Food Programme (WFP) signed an agreement with the government on November 30 to give the country 114,500 tons of wheat and 3,750 tons of vegetable oil as a grant under its food assistance programme. The wheat is to be used in the Food for Work programme. In the same month, the European Union (EU) was reported to have sold Bangladesh 155,000 tons of soft wheat as food aid for shipment between December and March.

--but Bangladesh is not given food debt waiver by the USA

The USA was reported to have waived the food debts of many developing countries in November, but Bangladesh was not among them. The total amount of Bangladesh's food aid debt outstanding with the USA is currently $729m, repayable over the next 27 years. Payments due in 1995 and 1996 are estimated by US sources at $9m and $27m respectively, of which $3.3m for 1995 had been remitted by November. Officials in the foreign ministry had hoped that Bangladeshi participation in the Haiti crisis might have resulted in some food debt waiver, but this had clearly not proved a relevant consideration.

© 1996 The Economist lntelligence Unit Ltd. All rights reserved
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