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Commodity Aid

Nurul Islam

Chapter 6 in Aid and Influence, 1981, pp 73-81 from Palgrave Macmillan

Abstract: Abstract Bangladesh attempted to obtain commodity aid from those countries that had supplied her in the past, irrespective of whether purchases had been paid for out of aid or Bangladesh’s own resources. Cotton and iron and steel products had traditionally been bought from the USA and non-ferrous minerals and paper and pulp from Canada and Sweden. It was hoped that these countries would wish to maintain their traditional trading ties and that other countries would wish to do the same. Countries that had financed particular projects in the past might be asked to supply raw materials and spare parts needed to keep them in operation; there was often no alternative source for components and spare parts than the country that had provided machinery in the first place. Commodity aid given by the UK, for example, was used to import spare parts needed by the jute and textile mills originally equipped with machinery from that country. It was also used for replacement parts for the transport system, power plants and electrical transmission and distribution lines.

Keywords: Foreign Exchange; Spare Part; International Development Association; Project Assistance; Import Licence (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05472-5_6

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DOI: 10.1007/978-1-349-05472-5_6

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