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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.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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