5/5 Manob P. 6 years ago on Google âĸ 336 reviews
ERD
is
one
of
the
important
Divisions
of
the Government
of
Bangladesh which
mobilizes
external
resources
for
socio-economic
development
of
the
country.
ERD
leads
as
the
focal
point
of
the
Government
for
interfacing
with
the
development
partners
as
well
as
for
co-ordination
of
all
external
assistance
inflows
into
the
country.
It
assesses
the
needs
of
external
assistance,
devises
strategy
for
negotiations
and
mobilizing
foreign
assistance,
formalize
and
enables
aid
mobilization
through
signing
of
loans
and
grant
agreements,
determines
and
executes
external
economic
policy.
The
main
focus
of
ERD
is
to
coordinate,
plan,
mobilize
and
determine
allocation
of
external
assistance
in
relation
to
the
country's
development
programme
priorities.
ERD
also
maintains
external
economic
relations
with
governments
and
international
and
regional
bodies.
As
the
Government's
aid
coordinating
authority,
ERD
undertakes
aid
programming
and
budgeting,
initiating,
negotiating
and
signing
agreements,
and
informing
the
development
partners
of
the
use
of
development
assistance.
Foreign
debt
management
including
repayment
of
principal
and
interest
amounts
due
to
different
lenders
constitutes
an
important
part
of
ERD's
work.
In
brief,
the
Economic
Relations
Division
deals
with
all
the
areas
of
the
external
economic
affairs
of
the
country.
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