The authorities of neighbouring India has again offered Bangladesh $1bn credit line for the development of the country's road communication and infrastructure.
Finance Minister AMA Muhith disclosed the information after a meeting with visiting Secretary of Indian External Affairs Ministry Sujata Mehta at his office on Monday afternoon.
Muhith said: “They have asked us regarding the sectors we are willing to spend the loan in.”
Couple of years ago, India offered Bangladesh 1bn dollar credit line at India and Bangladesh Joint Economic Council meeting.
During former Indian prime minister Manmohan Singh's tenure, Indian authorities provided Bangladesh the first 1bn soft loan in 2010.
Under the $80 crore loan, only $36 crore was disbursed till February this year and they gave $20 crore for the construction of Padma bridge, according to Economic Relations Division (ERD).