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Pranab to visit B’desh today with USD 1 bn credit package

August 7, 2010

Finance Minister Pranab Mukherjee will visit Dhaka on Saturday along with a billion-dollar credit package under which funds will be made available to Bangladesh for development of communications and other infrastructure facilities.

During the four-hour visit, Mukherjee will also call on Bangladesh Prime Minister Sheikh Hasina, his counterpart AMA Munith and Foreign Minister Dipu Moni and review the implementation of agreements reached between the two countries earlier, official sources said.

The agreement to provide a line of credit of USD 1 billion will be signed by the chief executive of EXIM Bank of India and Secretary, Economic Relations Division (ERD) of Bangladesh, at Dhaka in presence of Mukherjee.

The credit will be provided for development of a range of projects in communication, railway, and dredging in major rivers.

India had agreed to provide USD 1 billion line of credit of Bangaladesh during the talks between Hasina and Prime Minister Manmohan Singh in the capital in January.

Mukherjee is expected to review Indo-Bangla ties as well as decisions taken during the Hasina-Singh talks.

This would be the first visit by such a senior Indian leader since Hasina’s India visit in the beginning of the year.

Categories: Business
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