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Idune Bhai, We all know this fact that BNP has the supports of the people yet it has not capitalized this support against Awami dalals thus far. What are they doing and what is holding them back?
dis money is used for infrastructure development which indias going 2 need since we r providing dem corridor...so y not india pay for it???y do we hav 2 take a loan for their benefit and secondly also da ctizens pay tax for it???its like u take my blood and i pay u cash for it....probably ull put forward dat da economy will benefit oki f9 y not allow foreign investment or more better and a acceptable 1 provide da loan for our energy sector development???
You are absolutely right. There are some obvious contention and unknown facts why BNP has not taken more active role in street. This is time again for BNP to play the historic role and kick these indian dalas out of the country for good.
Main problem in my eye is that most of BNP top leaders are either old or hang in their throat by fabricated case by former CTG and Gaddar moin and/or they may be waiting for Tariq Zia's arrival.
In either case if BNP doesn't stand up with people against Awami munafigs then people throw them out of BD instead of Awami.
Your really pathetic aren't you?We are your creators(BD),dont worry we won't harm you.
lol:
Your really pathetic aren't you?
First worry about Chinese loan at 5% interest rate. What kind of a deal is that?
While the BNP has alleged that 1.75 percent interest for the $1 billion loan from India is very high, facts about loans taken by different previous governments show that the rate is not high.
The main opposition party also found it disgraceful that the government was signing the loan deal with Indian Exim Bank instead of the Indian government. In practice, most of the bilateral loans are typically signed with national bank of the lending country.
Like any other developing nation, Bangladesh has taken different types of loans and grants from different countries and multilateral donors--sometimes on hard conditions and sometimes soft.
Whenever Bangladesh has taken any hard or tied loan from a donor, the interest rate has ranged between 2 percent and 5 percent.
The loan from India is a commercial or tied loan with a 20-year repayment period having conditions like the borrower has to purchase certain things from the lending country. Such conditions are not unique. Even countries like the USA or Japan had given tied loan to Bangladesh in the past.
When the BNP was in power in the early nineties, it had signed a $109 million dollar Supplier's Credit deal with China to fund the Barapukuria coal mine project that sought 5 percent interest rate and 17 years repayment period. Plus, the loan demanded that at first Bangladesh make a down payment of 10 percent of the total loan.
Former minister and a member of BNP standing committee MK Anwar in a party statement compared the interest rate of the Indian tied loan with that of soft loans sometimes offered by multilateral donors like the World Bank, Asian Development Bank (ADB), and many developed countries.
According to Economic Relations Division (ERD), soft loans are based on grants, and the donors only put a service charge below 1 percent--and no interest rate. While the BNP stated that such loans can be obtained from any multinational bank, the fact is, soft loan is very hard to find as the donors impose conditions against them and have their last say about granting it.
Every year, the World Bank and the ADB offer Bangladesh several soft loans. But in such cases, Bangladesh must comply with their conditions. Both these banks select the projects from an array of proposals from Bangladesh and then monitor all the progress. The availability of such loans is also restricted.
Side by side, the ADB offers countries like Bangladesh commercial loans with interest rates swinging between 3 and 5 percent. Bangladesh took such a loan of $250 million at an interest rate of 3.5 percent to support its budget.
Again conditions of tied loans can vary from country to country. For instance, a Chinese tied loan completely restricts Bangladeshi procurement of materials from certain companies. It can even be restricted within a single company and Bangladesh would have no choice. In case with the Indian loan condition, Bangladesh will be compelled to buy materials from India--but from manufacturers selected through a country-restricted tender.
On the question whether it is disgraceful for the country to sign a bilateral loan agreement with a national bank, an ERD official notes, During the caretaker government's tenure, the government signed a loan with the South Korean Exim Bank. Presently we are negotiating a loan with China for financing a fertiliser factory in Sylhet and introducing 3G technology for the telecom sector of the country. This agreement will also be signed with the Chinese Exim Bank with an interest rate higher than 2 percent.
Maybe, their own KickBacks from the GoI in the past, is what is holding them back. Possible mate?^^^^
.....What are they doing
.....and what is holding them back?
What Iaj mentioned was that if loan was needed to provide transit, then why not WB but India....?? Thats all....its all about making money as he said, just his view....
Cheers!!!