UK to boost jobs, trade for Bangladesh with new aid plan

The United Kingdom will sharpen its focus on economic development in the world’s poorest countries to help create the economic growth that will sustain rapidly growing populations, provide a long term solution to poverty and deal with the root causes of problems that affect Britain and Bangladesh, International Development Secretary Priti Patel announced on February 1.

“Over the next decade a billion more young people will enter the job market, mainly in Asia and Sub-Saharan Africa. This demographic challenge will add to the pressure of protracted crises and mass migration,” said a press release issued by the British High Commission in Dhaka yesterday. 
DFID’s first Economic Development Strategy sets out how investment in economic development will 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.
“There is no task more urgent than defeating poverty. The UK has a proud record of supporting people in desperate humanitarian crises, but emergency help alone won't tackle the global changes we face,” International Development Secretary 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,” she said. 
UK support to Bangladesh is helping to reduce and streamline regulations, enabling small businesses to form, flourish and to create jobs, transform agricultural markets, providing economic opportunities for women and poor rural communities, expand financial services for small businesses, allowing them to invest, grow and generate employment, set up new forms of training, encouraging women to gain productive skills and achieve higher incomes and improve working conditions, health and safety in factories. 
“The UK has a close relationship with Bangladesh and has supported poverty reduction and economic development for many years. This Strategy demonstrates our continued commitment to promoting growth which transforms economies, creates productive jobs and private sector investment, and spreads the benefits and opportunities right across society, including girls and women,” DFID Bangladesh chief Jane Edmondson said.

UK to boost jobs, trade for Bangladesh with new aid plan

The United Kingdom will sharpen its focus on economic development in the worlds poorest countries to help create the economic growth that will sustain rapidly growing populations, provide a long term solution to poverty and deal with the root causes of problems that affect Britain and Bangladesh, International Development Secretary Priti Patel announced on February 1. Over the next decade a billion more young people will enter the job market, mainly in Asia and Sub-Saharan Africa. This demographic challenge will add to the pressure of protracted crises and mass migration, said a press release issued by the British High Commission in Dhaka yesterday. DFIDs first Economic Development Strategy sets out how investment in economic development will 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 worlds poorest countries grow their economies, this investment will help create the UKs 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. There is no task more urgent than defeating poverty. The UK has a proud record of supporting people in desperate humanitarian crises, but emergency help alone wont tackle the global changes we face, International Development Secretary Patel said. With the UKs 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, she said. UK support to Bangladesh is helping to reduce and streamline regulations, enabling small businesses to form, flourish and to create jobs, transform agricultural markets, providing economic opportunities for women and poor rural communities, expand financial services for small businesses, allowing them to invest, grow and generate employment, set up new forms of training, encouraging women to gain productive skills and achieve higher incomes and improve working conditions, health and safety in factories. The UK has a close relationship with Bangladesh and has supported poverty reduction and economic development for many years. This Strategy demonstrates our continued commitment to promoting growth which transforms economies, creates productive jobs and private sector investment, and spreads the benefits and opportunities right across society, including girls and women, DFID Bangladesh chief Jane Edmondson said.