S Korea lending $50m to Bangladesh...

Dhaka, Saturday   08 August 2020

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S Korea lending $50m to Bangladesh

 Staff Correspondent daily-bangladesh.com

 Published: 05:18 PM, 4 July 2020   Updated: 05:29 PM, 4 July 2020

File Photo

File Photo

South Korea is giving a flexible loan of 50 million US dollars, i.e., Tk 424.55 crore to Bangladesh.  

The loan will be provided under South Korea’s development partner’s ‘EDCF Program Loan for Covid-19 Emergency Response Program of Bangladesh’. 

Recently, the Department of Economic Relations sent a letter to the Ministry of Finance seeking its views on the matter, the Ministry of Finance sources told the information. 

The letter said that the ‘South Korea’s Economy Development Co-operation Firm (EDCF) has agreed to provide 50 million dollars in budget support to Bangladesh for the implementation of the ‘EDCF Program Loan for Covid-19 Emergency Response Program of Bangladesh’. The instructions were requested to provide feedback on the matter.