Bangladesh Signs $4.5bn 3rd LOC Deal With India

Bangladesh Signs $4.5bn 3rd LOC Deal With India

The government has signed a $4.5 billion Line of Credit (LOC) agreement with India.

Indian Exim Bank Managing Director David Rasquinha and Economic Relations Division (ERD) Secretary Kazi Shofiqul Azam signed the third LOC agreement titled “Dollar credit line agreement” in Dhaka on Wednesday.

Meanwhile, the Joint Interpretative Notes (JIN) on the Agreement was also signed between India and Bangladesh for the promotion and protection of investments.

Indian Finance Minister Arun Jaitley, who was present in the agreement signing ceremony, told the journalist: “This is the biggest LOC India has given to any country. Read More…

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