India offers another $1 bn soft loan to Bangladesh

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  1. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    India offers another $1 bn soft loan to Bangladesh

    DHAKA: India today offered Bangladesh another $1 billion soft loan for infrastructure development, four years after it had given a credit of the same amount to the neighbouring country.

    "It is a soft credit and not a conditional one," Joint Secretary of India's Commerce department Arvind Mehta told reporters here at the end of a two-day Joint Working Group (JWG) meeting with his Bangladeshi counterpart Shahabuddin Patwary.

    He said the loan with LIBOR plus (London Inter-bank ..

    Read more at:
    India offers another $1 bn soft loan to Bangladesh - The Economic Times
     
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