Australia will provide AUD 85 million to Brac for the third phase of the Strategic Partnership Arrangement (SPA) for 2021-2025 as part of its support to Bangladesh to help address the impact of Covid-19.
Australian high commissioner Jeremy Bruer reaffirmed his country's commitment to its SPA with Brac of Bangladesh in a signing ceremony held on Monday (28 June), said a press release.
Brac executive director Asif Saleh represented his organisation at the time.
"Australia and Brac have built a strong relationship for over a decade under the SPA. We share a joint commitment to innovation, inclusive growth, the most marginalised people and gender equality. I'm very pleased to announce the continuation of our partnership as part of Australia's support to Bangladesh to help address the impact of Covid-19 and support inclusive economic recovery," the high commissioner said.
Brac executive director Asif Saleh said "We are extremely pleased to embark on the third phase of the SPA with Australia. Over the past decade, our partnership has tackled some of the most pressing challenges posed by poverty, refugee crises and gender inequality."
"Considering the socio-economic damage caused by Covid-19, this renewed partnership between trusted friends could not have come at a more crucial time," he added.