The Bangladesh-Sweden Trust Fund (BSTF) was established in 1984 with grants from the Swedish International Development Agency (SIDA). With a view to developing human resources in Bangladesh, one-way travel grant is being provided to Bangladeshi students studying abroad. Operations of the BSTF are run by a 12-member committee, members of which are from both the public and the private sectors. The Secretary of the Economic Relations Division is the Chair of the committee.