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India to offer $5 billion line of credit to Bangladesh

India to offer $5 billion line of credit to Bangladesh

Tuesday, April 4, 2017, 8:49 AM

India hopes to fund 17 projects in Bangladesh through a proposed $5-billion line of credit, the highest offered by it to any country so far. The bulk of the funds are expected to be used for connectivity projects railway projects, road construction and maintenance as India eyes transit to the northeast and and Southeast Asia via Bangladesh.
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