Economy
US Pledges $199M Aid for Bangladesh’s Rohingya Refugees
The United States has announced nearly $199 million in new assistance to support Rohingya refugees in Bangladesh. The announcement was made by Under Secretary of State for Civilian Security, Democracy, and Human Rights Uzra Zeya during a high-level side event on the Rohingya crisis at the United Nations General Assembly (UNGA) on September 24.
According to a press release from the US Department of State, this new funding includes almost $70 million from the Bureau of Population, Refugees, and Migration (PRM) and over $129 million from USAID. Of the USAID allocation, $78 million will come from the Department of Agriculture’s Commodity Credit Corporation, which will be used to purchase, ship, and distribute food from American farmers to Rohingya refugees and host communities in Bangladesh.
The aid is aimed at providing life-saving support, including food, shelter, and protection for those displaced by violence and persecution. The funds will also be directed towards disaster preparedness, educational access, skills training, and helping refugees prepare for a possible return to their homeland when conditions are safe.
Since the onset of the Rohingya crisis in August 2017, the US government has provided over $2.5 billion in aid for the regional response, with more than $2.1 billion allocated to Bangladesh. Of this amount, nearly $1.3 billion was contributed through PRM.
“The United States remains committed to assisting crisis-affected communities in Bangladesh and the region and urges other donors to maintain their support,” the press release concluded.
The Asian Development Bank (ADB) has revised its economic growth forecast for Bangladesh to 5.1% for the current fiscal year, citing political unrest in July and August, as well as recent floods, as key factors. The Asian Development Outlook report, released on September 25, noted that the forecast remains uncertain due to significant risks affecting the macroeconomic outlook.
These risks include ongoing political instability, security concerns, and vulnerabilities in the financial sector. The report also highlighted tight fiscal and monetary policies, which are expected to limit consumption and investment demand.
Back in April, ADB had predicted Bangladesh’s GDP growth would reach 6.6% for the fiscal year 2024-25.
Bangladesh’s Chief Adviser, Professor Muhammad Yunus, held a bilateral meeting with Italian Prime Minister Giorgia Meloni on the sidelines of the United Nations General Assembly (UNGA) on Tuesday. He also met with Pakistan’s Prime Minister Shehbaz Sharif during another UNGA event at the UN headquarters.
Prof Yunus shared the stage with former US President Bill Clinton at the Clinton Global Initiative 2024. Additionally, he met with IMF Managing Director Kristalina Georgieva during the UNGA session.
Yunus attended a High-Level Side Event on the Rohingya crisis and later spoke at a reception marking the 50th anniversary of Bangladesh’s membership in the United Nations.
Earlier in the day, Prof Yunus had a historic bilateral meeting with US President Joseph R. Biden, the first of its kind between a US president and a Bangladeshi head of government during the UNGA.
US President Joe Biden has expressed his nation’s full backing for Bangladesh and the interim government led by Muhammad Yunus during a bilateral meeting held on the sidelines of the United Nations General Assembly (UNGA) in New York. This marks the first time in Bangladesh’s history that a US president has met with the country’s head of government at a UNGA session, as confirmed by a statement from the Chief Adviser’s Office.
In this unprecedented encounter, Chief Adviser Prof Yunus briefed President Biden on the significant sacrifices made by students who fought against the previous government, leading to the opportunity to rebuild the country. Prof Yunus underscored the importance of succeeding in this national rebuilding effort, calling for US cooperation in the process.
President Biden praised the students’ dedication, stating that their sacrifice calls for further commitment from all, including the US. During the meeting, Prof Yunus presented Biden with a copy of The Art of Triumph, a book featuring wall paintings by students and young revolutionaries.
Prof Yunus, on his first visit to the US as head of Bangladesh’s government, is attending the 79th UNGA, which runs from September 19 to 30. The theme of this year’s debate is “Leaving no one behind: acting together for the advancement of peace, sustainable development, and human dignity for present and future generations.”
Rare Diplomatic Meeting Signals Strengthened US-Bangladesh Ties
Speaking on the significance of the meeting, Chief Adviser’s Press Secretary Shafiqul Alam highlighted the rarity of such an engagement, noting that the US and Bangladesh already enjoy strong relations. “This meeting elevates our relationship to a new level,” Alam stated, as reported by local media.
Observers suggest that the bilateral meeting, which is uncommon for US presidents during the UNGA, signals Washington’s intention to support Bangladesh through its transitional period. Dhaka is hopeful that the encounter will lead to a new strategic partnership that enhances cooperation on multiple fronts.
Yunus Receives Warm Reception from Global Leaders
Earlier in the day, Chief Adviser Muhammad Yunus was welcomed by several world leaders at a reception hosted by UN Secretary-General Antonio Guterres. Held at the North Delegate Lounge in the UN headquarters, the event served to greet the leaders participating in the 79th session of the UNGA.
During the reception, Yunus exchanged greetings with Brazilian President Luiz Inacio Lula da Silva, Mauritian President Prithvirajsingh Roopun, and UN High Commissioner for Human Rights Volker Turk, among others.
Yunus Meets Canadian Prime Minister Trudeau
On the sidelines of the UNGA, Chief Adviser Yunus also met with Canadian Prime Minister Justin Trudeau. The two leaders discussed ways to enhance Bangladesh-Canada relations, focusing on fostering freedom, institution-building, and youth development in Bangladesh.
Prime Minister Trudeau commended Prof Yunus for taking on the leadership role and reiterated Canada’s willingness to support Bangladesh in strengthening its institutions. Prof Yunus, in turn, praised Canada for its enduring friendship and requested increased visa allocations for Bangladeshi students.
The chief adviser also gifted Trudeau The Art of Triumph, further highlighting the contributions of young revolutionaries. In addition to Trudeau, Yunus is scheduled to meet with the managing director of the IMF, the Italian prime minister, and will speak at the Clinton Global Initiative and Friends of Bangladesh events.
