ocr: Aid disbursements to Bangladesh each year are over 1,000 times greater than the annual value off foreign investment in the country. Aid also tinances more than 90% ofstate capital spending. The Bangladesh Development Aid Consortium meets annually to discuss aid spending under the auspices ofthe World Bank. Une result ofthe level ofaidis that Bangladesh has fallen into one ofthe traps ofan aid-dependent economy: the large middle class has a vested: I interest in perpetuating a system that provides its members with lucrative contracts and access to external resources.
