More ‘interest free’ loan for Bangladesh: WB
The World Bank (WB) gave approval for more $200 million ‘interest free’ loans for Bangladesh.
The loan will be given for projects regarding livelihood improvement.
Board of Directors of WB approved the loan at a meeting in Washington on Wednesday.
The loan has to be repaid by the Bangladesh Government by a period of 38 years. Grace period of 6 years starting from the time of handover of the loans was also approved. 0.75% service charge is applied on the loan.
The livelihood improvement project was constructed based on the success of the ‘Social ...