Dhaka, Bangladesh (BBN)– The flow of foreign aid decreased to US$278 million in the first quarter (Q1) this fiscal as against over $358million in the corresponding period of the previous fiscal year, officials said.

The country received $169.06 million in loans and $108.62 million worth of grants in July-September period of the fiscal 2010-11 (FY11), a senior official said, adding that the amount came against commitment of $1.68 billion for Q1 of FY11.

They also said the largest donors World Bank and Japan released small amount of aid in the Q1 affecting the overall aid flow.

During the period, the country’s largest multilateral donor World Bank disbursed only $39.42 million worth of aid and Japan government $5.40 million.

The Asian Development Bank  is on the top of the aid disbursement list with its $112.65 million released against different projects in Q1 of FY2011, according to reports.

BBN/SSR/SI-27Oct10-10:21 am (BST)