Business Report :
Bangladesh Prime Minister Sheikh Hasina will emphasise on Line of Credit (LoC) agreement of $7.36 billion to Bangladesh during her upcoming visit to Delhi, where it will be a key topic at the summit meeting with Indian Prime Minister Narendra Modi.
Bangladesh and India initiated their first Line of Credit (LoC) agreement 12 years ago, with India pledging $7.36 billion to Bangladesh; however, as of last December, only $1.65 billion has been disbursed.
Following the formation of new governments in both countries, Prime Ministers Sheikh Hasina and Narendra Modi are set to meet in Delhi this Saturday for a summit.
This meeting will outline the future direction of the relationship between the two neighbouring countries. Sources from the Ministry of Foreign Affairs and the Economic Relations Division have confirmed that economic cooperation, connectivity, and energy will be prioritised in the discussions. Discussions between the two countries have been ongoing for the past few years to speed up the implementation of the loan agreement.