Schoolchildren in Bangladesh. The European Union's new multiannual indicative program for the country will focus on education as well as governance and food security. Photo by: European External Action Service / CC BY-NC-ND
The European Union has been a partner to Bangladesh for over four decades and has been delivering development assistance to the country since 2001. Over the past decade, Bangladesh has exhibited laudable success in sustaining a 6 percent average annual growth rate. While the country aims to attain middle-income status by 2021, the EU believes Bangladesh can achieve this goal by 2016 just by maintaining an annual growth rate of at least 5.4 percent.