Related News

Access Denied You don’t have permission to access ” on this server. Reference #18.27fdd417.1756494351.a59ed1a Source link

Zydus Wellness Ltd on Friday announced that its wholly-owned subsidiary, Alidac UK Ltd, will acquire UK-based Comfort Click for GBP 239 million, marking the company’s first international acquisition and entry

Canada’s economy shrank at an annualised pace of 1.6% in the second quarter as exports took a hit from tariffs imposed by US President Donald Trump, Statistics Canada said on

Union coal and mines minister G Kishan Reddy said on Friday that India has signed an agreement with Japan in the mineral resources sector as part of efforts to build

The Centre on Friday increased usage charges for gunny bags by 40% to Rs 10.22 per used bag, a step aimed at easing the financial burden of states and Union

Thomas Fuller | SOPA Images | Lightrocket | Getty Images Ambarella stock roared 20% higher Friday as the chip designer reported better-than-expected second-quarter results and issued strong guidance. Here’s how

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

USAID bypassed govt channels to fund $29 million political project: Bangladesh official

Word Count: 612 | Estimated Reading Time: 4 minutes


USAID bypassed govt channels to fund $29 million political project: Bangladesh official
Representative image (Source: ChatGPT)

USAID allocated $29 million to support a controversial political landscape project in Bangladesh without routing the funds through official government channels, according to a senior official from Bangladesh’s NGO affairs bureau.
The bureau oversees NGOs operating with foreign assistance under the Foreign Donations (Voluntary Activities) Regulation Ordinance of 1978.
Md Anwar Hossain, director general (In charge) of the NGO affairs bureau, stated in an interview with ANI, “We have not identified the $29 million mentioned by Donald Trump through our bureau. If the NGOs involved were named, we could verify, but so far, the funds don’t reflect in our records.” When asked if USAID bypassed the bureau, Hossain declined to comment.
Hossain mentioned that while the immediate impact of the USAID funding suspension on Bangladesh’s NGO sector is minimal, it could adversely affect funding in the long term.
“Our NGOs receive support from various countries. Although global events like Covid-19 and natural disasters temporarily shift foreign donations, NGOs will likely seek alternative donors to compensate for the USAID shortfall,” he said.
Bangladesh hosts 2,640 registered NGOs, creating numerous jobs in the country. Despite the funding controversy, Hossain confirmed that USAID’s support for Rohingya-related projects remains unaffected, benefiting nearly 70 NGOs in Bangladesh.
The controversy follows comments by US President Donald Trump, who criticised USAID for allegedly channelling $29 million to a little-known firm as part of a political project in Bangladesh. Speaking at the White House, Trump said, “Can you imagine a small firm with two people receiving $29 million? They’ll probably be on the cover of a business magazine soon—for being great scammers.”
The US state department reports that the US has invested over $8 billion in Bangladesh over the past 50 years to improve living standards.





Source link

Most Popular Articles