Dhaka, Bangladesh (BBN)– Bangladesh signed a US$1.0 billion credit deal with India at 1.75 percent interest rate annually on Saturday to finance several development and infrastructure projects.
Economic Relations Department (ERD) Secretary M Musharraf Hossain Bhuiyan and Chairman and Managing Director of the Exim Bank of India TCA Ranganathan signed the deal on behalf of their respective sides, officials said.
Finance Minister AMA Muhith and his Indian counterpart Pranab Mukherjee, who arrived in the capital Saturday afternoon on a brief visit, witnessed the signing ceremony at the state guesthouse Jamuna in Dhaka.
BBN/SSR/SI/AD-07Aug10-8:38 pm (BST)
