British Treasury Minister Stephen Timms said that his country is poised to double its aid for Bangladesh begining 2008, recognizing the country's "excellent record" in reducing poverty.
Treasury Minister Timms said "We're looking to increase further aid for Bangladesh. From 2008 to 2010, we may be doubling assistance." He said the UK government will provide assistance mainly in primary education, diversification of micro-finance, poverty alleviation, skills development in English language, and launch of a diaspora bond by the expatriate Bangladeshis in the UK.
The UK, the country's biggest bilateral donor, provided US$250 million in aid for Bangladesh last year.
Zahurul Alam has more on the story.