Projects funded by China in Bangladesh will continue as planned during the interim government’s tenure, Chinese ambassador to the country Yao Wen recently assured after his first meeting with the latter’s finance and planning adviser Salehuddin Ahmed.Both discussed potential new support from China as well.
Projects funded by China in Bangladesh will continue as planned, Chinese ambassador to the country Yao Wen assured after his first meeting with the latter's finance and planning adviser Salehuddin Ahmed.
Both discussed potential new support from China.
Ahmed proposed lowering interest rates on Chinese loans and extending repayment periods by ten more years.
Ahmed proposed lowering interest rates on Chinese loans and extending repayment periods by an additional ten years, according to domestic media reports.
Objections raised by Bangladesh regarding Chinese loan interest rates were discussed and there is enough opportunity for further discussions on the matter, the envoy said.
Ahmed said the Tk 18 lakh crore ($151.53 billion) debt burden left by the last government is an immense pressure.
Fibre2Fashion News Desk (DS)