Indian Finance Minister in Dhaka to loan $1 Billion

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India is giving $1 Billion to Bangladesh while Pranab Mukherjee is in Dhaka. Indian Finance Minister Pranab Mukherjee arrives in Dhaka this afternoon on a brief visit to witness the signing of $1 billion credit facility by EXIM Bank of India and Bangladesh to finance 14 infrastructure related projects.
Bangladesh is having a very good relationship India especially after the start of running government. It would be the first visit by a key Indian leader since Prime Minister Sheikh Hasina’s visit to India on January 10-13.
During his three and a half-hour visit, Pranab will call on Sheikh Hasina, his counterpart AMA Muhith and Foreign Minister Dipu Moni to review the implementation of the agreements reached between the two countries during the PM’s visit.
India seems satisfied with Bangladesh as it has helped with India’s security issues by cooperating with Indian law enforcers to tackle its northeastern region’s separatist groups, including Ulfa, said official sources.
“Pranab is scheduled to visit Bangladesh on August 7. He will arrive at 4pm and depart at 7:30pm. Though the visit is brief it is very important as he is a key leader of ruling Congress party,” a foreign ministry official said, adding that Pranab was coming on an invitation by Dipu Moni.
After arriving, he is scheduled to meet the foreign minister at state guesthouse Jamuna followed by a meeting with the finance minister.
Later, he will witness the signing of the $1 billion Line of Credit agreement by CMD, EXIM Bank of India and Secretary of the Economic Relations Division (ERD) of Bangladesh at Jamuna, which will pave the way for materialisation of a range of projects.

India is giving $1 Billion to Bangladesh while Pranab Mukherjee is in Dhaka. Indian Finance Minister Pranab Mukherjee arrives in Dhaka this afternoon on a brief visit to witness the signing of $1 billion credit facility by EXIM Bank of India and Bangladesh to finance 14 infrastructure related projects.
Bangladesh is having a very good relationship India especially after the start of running government. It would be the first visit by a key Indian leader since Prime Minister Sheikh Hasina’s visit to India on January 10-13.
During his three and a half-hour visit, Pranab will call on Sheikh Hasina, his counterpart AMA Muhith and Foreign Minister Dipu Moni to review the implementation of the agreements reached between the two countries during the PM’s visit.
India seems satisfied with Bangladesh as it has helped with India’s security issues by cooperating with Indian law enforcers to tackle its northeastern region’s separatist groups, including Ulfa, said official sources.
“Pranab is scheduled to visit Bangladesh on August 7. He will arrive at 4pm and depart at 7:30pm. Though the visit is brief it is very important as he is a key leader of ruling Congress party,” a foreign ministry official said, adding that Pranab was coming on an invitation by Dipu Moni.
After arriving, he is scheduled to meet the foreign minister at state guesthouse Jamuna followed by a meeting with the finance minister.
Later, he will witness the signing of the $1 billion Line of Credit agreement by CMD, EXIM Bank of India and Secretary of the Economic Relations Division (ERD) of Bangladesh at Jamuna, which will pave the way for materialisation of a range of projects.

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Dipa Dola

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