Dhaka, Bangladesh (BBN)- Opposition Bangladesh Nationalist Party (BNP) has strongly protested the government decision to sign US$ 1.0 billion credit deal with Indian private Exim Bank with high interest rate and tight conditions in presence of Indian Finance Minister Pranab Mukherjee in Dhaka on Saturday.
BNP standing committee member MK Anwar told reporters on Friday said it was earlier known that the Indian government would give the credit. Now it has been known that a private bank of India is providing the loan.
Anwar also said BNP has already protested it because the interest rate is high, conditions are tough and repayment period is short.
He said such loan could be arranged from the World Bank, Asian Development Bank and many multinational banks by paying a service charge of 0.25 per cent only.
BBN/SI/SSR/AD-07Aug10-10:54 am (BST)