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FINANCIAL NEWS
Kuwait signs USD 51mn Loan Agreement with Bangladesh
05 May 2016
(MENAFN) The Kuwait Fund for Arab Economic Development (KFAED) signed a loan deal value USD 51mn with the government of Bangladesh.
Furthermore, the deal was signed as part of financing a major bridge, which worth USD 151mn and its length hits 1,740 meters and width 76.19 meters.
In addition, a first loan agreement worth USD 48mn was signed in 2012 between KFAED and Dhaka for the bridge, which involves a four-year grace period.
Kuwait offered the government of Bangladesh 23 loans value USD 513.4mn, which has presented three technical donations value USD 1.44mn to Dhaka.
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