Bangladesh urges China to reduce interest rate on loan, China expresses support for sovereignty of Bangladesh
Mr. Hossein’s visit is the first since China announced plans to build a mega dam on Yarlung Tsangpo which flows into India as Brahmaputra which is known as Jamuna and Meghna in Bangladesh
Bangladesh urges China to reduce interest rate on loan, China expresses support for sovereignty of Bangladesh
Mr. Hossein’s visit is the first since China announced plans to build a mega dam on Yarlung Tsangpo which flows into India as Brahmaputra which is known as Jamuna and Meghna in Bangladesh
Bangladesh has urged China to reduce interest rate on loans and requested Beijing to extend loan repayment period from 20 to 30 years. The discussion in this regard took place between Chinese Foreign Minister Wang Yi and the Adviser on Foreign Affairs of the interim government of Bangladesh Touhid Hossein who visited China this week where both sides expressed commitment for “continued cooperation” under the Belt and Road Initiative (BRI).
Bangladesh has requested China to reduce interest rate from 2-3% to 1%, waive commitment fee and extend loan repayment period from 20 years to 30 years for both the Preferential Buyer’s Credit (PBC) loan and Government Concessional Loan (GCL),” said the Ministry of Foreign Affairs (MoFA) of Bangladesh in a statement
Mr. Hossein is paying a four-day official visit to China, his first since the interim government took charge in August. Significantly, China expressed support for “sovereignty and territorial inteigrity” of Bangladesh. Mr. Hossein’s visit is the first since China announced plans to build a mega dam on Yarlung Tsangpo which flows into India as Brahmaputra which is known as Jamuna and Meghna in Bangladesh
