Australia will provide A$100.5 million dollars, equivalent to Tk 8.3 billion, as official development assistance to Bangladesh for the 2012-13 fiscal year.
"Australia's aid program makes an important contribution to a global effort to achieve the Millennium Development Goals in particular for eradicating poverty," said Acting High Commissioner of Australia Tim Bolotnikoff.
This is part of the Australian government's overall commitment to increase the size of the Australian aid program to A$5.2 billion from A$4.8 billion in 2011-12 fiscal year, said a press release.
Australian assistance to Bangladesh in 2012-13 will support Bangladesh's Sixth Five-Year Plan, accelerate growth and reduce poverty in the country. Australian funding will increase access to quality health and education services especially for women and children, and reduce the number of people living in extreme poverty.
Consistent with commitments made, the Australian government also released a new Comprehensive Aid Policy Framework on May 8. The Framework articulates a four-year vision for Australian aid that sets out how much Australia will deliver, where and why by 2015-16.
This will enable the Australian government to work together with Bangladesh to plan and implement aid investments more effectively over the next four years, delivering better results for the people of Bangladesh.