Australia will provide AUD 85 million to Brac under the third phase of the Strategic Partnership Arrangement (SPA) for 2021-2025.
In a signing ceremony held on Monday, Australian High Commissioner to Bangladesh Jeremy Bruer has reaffirmed Australia’s commitment to its SPA with Brac. Brac was represented by its Executive Director Asif Saleh.
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“Australia and Bracc 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”, the High Commissioner said.
The envoy said he is very pleased to announce the continuation of their partnership as part of Australia’s support to Bangladesh to help address the impact of COVID-19 and support inclusive economic recovery.
Brac’s Executive Director, Asif Saleh, said they are extremely pleased to embark on the third phase of the SPA with Australia.
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Over the past decade, he said, their partnership has tackled some of the most pressing challenges posed by poverty, refugee crises and gender inequality.
"Considering the socio-economic damages caused by COVID-19, this renewed partnership between trusted friends could not have come at a more crucial time”.