India extends $4.5 billion new line of credit to Bangladesh

India and Bangladesh have signed 22 agreements in strategic sectors like defence and civil nuclear cooperation during Bangladesh Prime Minister Sheikh Hasina’s visit to India.

In a joint statement after signing of agreements in Delhi, Prime Minister Narendra Modi announced a new line of concessional credit of $4.5 billion for implementation of development projects in Bangladesh. Apart from that, Mr. Modi also announced $500 million of credit for defence procurement in the country.

Takeaways from above News-
  • India and Bangladesh have signed 22 agreements
  • PM of Bangladesh is Sheikh Hasina
  • Currency of Bangladesh is Bangladeshi Taka and its Capital is Dhaka.

 If you have any other takeaways, do share with us in the comment section

Source- The Hindu

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