Canada has officially announced a new BDT 390 crore (CAD 45 million) grant package to support agriculture, economic reforms, business financing, and trade expansion in Bangladesh. The Canadian High Commission in Dhaka announced the financial package in a press release on Sunday (October 18, 2026), following a four-day official visit by Canada's Minister of State for International Development, Randeep Sarai (October 11–14).
The CAD 45 million funding will be distributed across four strategic initiatives: Bioenterprise Canada (CAD 18 million) to connect Canadian agri-tech innovators with Bangladesh’s food security sector; Cowater International (CAD 18 million) to streamline regulatory frameworks and expand global market entry; the World Bank (CAD 5 million) for priority institutional and economic reforms; and the International Finance Corporation (IFC) (CAD 4 million) to boost private sector financing.
During his visit, Minister Randeep Sarai held high-level bilateral talks with Prime Minister Tarique Rahman, State Minister for Foreign Affairs Shama Obaid Islam, and Prime Minister's Advisor and Spokesperson Mahdi Amin, focusing on expanding cooperation in agriculture, health, skill development, energy, and climate finance. Sarai also inspected key project sites—including BRAC’s Ashkona skill development center, icddr,b medical research facilities, CIMMYT agricultural demonstration hubs in Cox's Bazar, and RMG investor Gildan Activewear Bangladesh Ltd.—reaffirming Canada's historic development commitment which exceeds CAD 6.3 billion since Bangladesh's independence and bilateral trade that surpassed CAD 4 billion in 2025.
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Reported by Staff Reporter • Edited by the Daily Best News desk. Send corrections to [email protected].
