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PM asks AIIB to lower interest rates of loan for Bangladesh

Special Correspondent Banking 2024-07-09, 9:14pm

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PM asks AIIB to lower interest rates of loan for Bangladesh



Beijing, July 09 - Prime Minister Sheikh Hasina on Tuesday asked the Asian Infrastructure Investment Bank (AIIB) to further cut the interest rates on its loan for Bangladesh.

She made the request when the president of the Beijing-based AIIB Jin Liqun along with its high officials paid a courtesy call on her at the latter’s place of residence.

During the meeting, the financing for infrastructure building, river dredging and the climate sector of Bangladesh, particularly building climate resilient houses in the country's coastal areas came up for discussion.

Foreign Minister Hasan Mahmud briefed the reporters about the outcome of the meeting on the second day of the prime minister's official visit to China.

The Bangladesh Prime Minister said, the AIIB played a very important role for Bangladesh in the past.

She said, the AIIB, the multilateral development bank and lender, can also play a significant role in the future in the  development journey of Bangladesh and help fulfill the dream to transform it as a developed and prosperous country by 2041.

“The PM requested the AIIB to reduce its loan interest further for Bangladesh,” said the foreign minister.

In response, the AIIB officials said, Bangladesh is one of the biggest borrowers from AIIB. The bank has given Bangladesh a special concession in case of the interest rate.

The issue of giving a special concession for Bangladesh in future was discussed with importance, according to the foreign minister.

Finance Minister AH Mahmood Ali and Prime Minister’s Press Secretary M Nayeemul Islam Khan were present at the press briefing.-UNB