India releases $50mln grant - bdnews24.com
India releases $50mln grant
Senior Correspondent, bdnews24.com
Published: 08 May 2013 05:10 PM GMT Updated: 08 May 2013 05:10 PM GMT
India disbursed the second tranche of its $200million grant commitment on Wednesday.
High Commissioner in Dhaka Pankaj Saran handed over the $50million cheque to Finance Minister AMA Muhith when the envoy called on him.
India last year committed the grant from its $1 billion line of credit signed earlier for implementing Bangladeshs priority projects.
Muhith earlier said the government would use it in the Padma bridge project if it decided to build the bridge with own money.
According to a media release, the High Commissioner also briefed the Finance Minister on the preparations for the review meeting on the Indian Line of Credit which is scheduled to be held in New Delhi from May 13.
Muhith had recently visited India to attend the 46th Annual Meeting of the Board of Governors of the Asian Development Bank.
India releases $50mln grant
Senior Correspondent, bdnews24.com
Published: 08 May 2013 05:10 PM GMT Updated: 08 May 2013 05:10 PM GMT
India disbursed the second tranche of its $200million grant commitment on Wednesday.
High Commissioner in Dhaka Pankaj Saran handed over the $50million cheque to Finance Minister AMA Muhith when the envoy called on him.
India last year committed the grant from its $1 billion line of credit signed earlier for implementing Bangladeshs priority projects.
Muhith earlier said the government would use it in the Padma bridge project if it decided to build the bridge with own money.
According to a media release, the High Commissioner also briefed the Finance Minister on the preparations for the review meeting on the Indian Line of Credit which is scheduled to be held in New Delhi from May 13.
Muhith had recently visited India to attend the 46th Annual Meeting of the Board of Governors of the Asian Development Bank.