India offers another $1 bn soft loan to Bangladesh

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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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