Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular


Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World



India extends $4.5 billion in project finance to Bangladesh


FILE PHOTO: U.S. one hundred dollar bills are seen in this picture illustration.

DHAKA - India on Wednesday signed an agreement with Bangladesh extending a $4.5 billion credit line for several infrastructure projects, as New Delhi tries to expand its influence over its smaller neighbour amid rising Chinese competition.

The loan, the biggest credit line provided by India to any country, was first announced by Prime Minister Narendra Modi in April and takes India’s total financial support for Dhaka to more than $8 billion over the past six years.

China is Bangladesh’s biggest trade partner followed by India and last year pledged around $24 billion in loans for the South Asian nation, which is one of the world’s poorest.

Most of the equipment for the Indian-funded projects will have to be bought from India, Bangladesh Finance Minister Abul Maal Abdul Muhith told reporters after the agreement was signed in presence of his Indian counterpart, Arun Jaitley in Dhaka. The projects are targeted for the power, rail, shipping, ports, health and education sectors.

The loan, for a total of 17 projects, would be repaid over 20 years at an interest rate of 1 percent.

India has long considered Bangladesh as part of its area of influence, and under Prime Minister Modi has boosted economic links with it as well as with other neighbours including Nepal and Sri Lanka.

“A strong, stable and prosperous Bangladesh is in India’s interest,” Jaitley told reporters. “We are committed to working with Bangladesh to deepen our bilateral ties.”



Ads,5,Afghanistan,75,Africa,26,Americas,5,Animals,36,Argentina,1,Asia,235,Australia,11,Austria,5,Bahrain,2,Bangladesh,18,Barcelona,1,Belgium,3,Brunei,1,Business,1300,Canada,4,Catalan,80,China,118,Cuba,3,Czech Republic,3,DR Congo,1,Egypt,22,Ethiopia,1,Europe,237,Fitness,14,France,26,Germany,37,Headlines,11,Health,169,Hillary Clinton,199,Hong Kong,2,Hungary,1,Iceland,1,India,104,Indonesia,9,International,75,Iran,77,Iraq,77,Ireland,2,Islamophobia,19,Israel,10,Italy,3,Japan,36,Jordan,1,Kenya,7,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,302,Lithuania,1,Malawi,1,Malaysia,15,Malta,1,Maxico,3,Middle East,127,Muslim World,598,Myanmar,35,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,9,Niger,1,Nigeria,2,Nobel Prize,81,North Korea,53,Norway,1,Opinion,26,Pakistan,1036,Palestine,36,Philippine,16,Pics,66,Poland,3,Popular,1,Qatar,93,Rohingya,118,Russia,45,Rwanda,1,Saudi Arabia,83,Science,144,Serbia,2,Showbiz,350,Somalia,4,South Africa,1,South Korea,7,Spain,60,Sports,1311,Sudan,1,Sweden,1,Switzerland,2,Syria,112,Taiwan,2,Technology,449,Thailand,5,Today IN History,24,Top News,994,Tunisia,1,Turkey,77,U.S.,301,UAE,21,UK,51,Ukrain,2,Venezuela,4,Videos,75,Vietnam,2,World,4824,Yemen,21,Zimbabwe,2,
Muslim Global: India extends $4.5 billion in project finance to Bangladesh
India extends $4.5 billion in project finance to Bangladesh
India on Wednesday signed an agreement with Bangladesh extending a $4.5 billion credit line for several infrastructure projects, as New Delhi tries to expand its influence over its smaller neighbour amid rising Chinese competition.
Muslim Global
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy