DHAKA, Feb 16, 2022 (BSS) - Bangladesh High Commission in Canberra

and Cross Sector Development Partnerships Initiative (XSPI) have
signed a MoU in collaboration to complement the existing Australian
government development assistance.

  Identifying potential project opportunities, ventures, and areas of
collaboration of mutual interests and network with stakeholders
through a process of non-binding consultation are the main purpose of
the MoU, according to a press release received here today.

  The MoU, signed on Monday in Canberra, will be valid for five years
and initially four priority sectors including Ready-made Garments,
infrastructure, energy and power, health and private capital
investment have been identified.

  The XSPI is a recent Australian non-government initiative to
increase the amount and impact of international development assistance
in Asia and the Pacific through focused cross sector collaboration
between its five key sectors contributing sectors and national
partners.

  The High Commission's collaboration with XSPI being purely
consultative in nature will create no financial implications and
decision-making role in each other's activities, the release said.