we have decided to create a U.S.-Bangladesh Partnership Dialogue. We will be signing the memorandum to that effect later this evening, but this dialogue institutionalizes the many discussions we are having. There was a very successful security discussion between our two nationsí experts just last week. We have many conversations and high-level meetings on issues concerning the economy and human development. We want to try to maximize our bilateral cooperation on the wide range of issues that are important to us, including disaster management, counterterrorism, food security, climate change, cooperation between our militaries. This new agreement should leave no doubt how much the United States values the partnership between our two countries.
On climate change in particular, Iím pleased to announce that the American development agency USAID will provide $13 million over four years to the Bangladesh Climate Change Resilience Fund to work toward helping Bangladesh figure out what itís going to do to adapt to climate change and also how to lower your own carbon footprint. We are proud to stand with the Bangladeshi people as they take on one of the great challenges facing humanity.
In addition to all the government-to-government work that Iíve just described, there is a critical role for civil society, nonprofit organizations, youth leaders, activists, journalists, labor organizations, and more. Civil society sparks social change, and the civil society of Bangladesh has been a model and an inspiration for people in countries everywhere. It has made Bangladesh a home for innovation that has not only positively impacted the people of this country, but literally tens of millions around the world. If Bangladesh is to continue on the path of progress, it will be essential to maintain an environment where civil society groups operate freely.
The world has been especially inspired by the work of the Grameen Bank, which has unleashed the potential of millions of women in Bangladesh and around the world to not only improve their own livelihoods but also contribute to long-lasting economic growth in their communities and countries. And I look forward to Grameen Bank carrying on its good work for a long time to come. I hope the process for identifying a new independent and respected managing director will be carried expeditiously and transparently.
Tomorrow, I will meet with students and citizens and have the chance to speak in more detail about our friendship. But in the meantime, let me reiterate the great feeling of connection that I have for this country. I was saying to the minister that I served as a senator from New York for eight years, and the Bangladeshi community of New York was a very active participant in the politics of that state, and I got to know many Bangladeshi American citizens and other Bangladeshis who were in New York and value my relationships with them.
I know that our people can look forward to an even more fruitful relationship in the years ahead, and I wish the people of Bangladesh a happy New Year.