South Korea will offer $100 million in concessional loan to Bangladesh from the Economic Development Cooperation Fund (EDCF) to help the latter recover from the pandemic..
South Korea will offer $100 million in concessional loan to Bangladesh from the Economic Development Cooperation Fund (EDCF) to help the latter recover from the pandemic..
The Republic of Korea has agreed to give Bangladesh $100 million in concessional loan from the Economic Development Cooperation Fund (EDCF) to help the south Asian economy recover from the pandemic.
A agreement on "Program Loan for Sustainable Economic Recovery Program (Subprogram)" has been signed between Bangladesh and Korea to provide budget support to mitigate the adverse impact of Covid-19. Under the agreement, the Korea Eximbank will provide $100.00 million to Bangladesh government to implement the project. The loan will bear simple interest rate of 0.05% per annum