BD signs $60m loan deal with WB | 2014-12-07 |

BD signs $60m loan deal with WB

    7th December, 2014 07:28:38 printer

BD signs $60m loan deal with WB

Government has signed a loan agreement with World Bank (WB) of 60 million US dollar for modernising and strengthening National Board of Revenue (NBR) to increase internal wealth of Bangladesh.

Additional secretary of economic relations division (ERD) Kazi Shafiqul Azam and acting country director of WB Dhaka office Salman Zaheer signed the agreement on behalf of their respective.
The signing ceremony was held at Planning Ministry conference room in Agargaon area of the city on Sunday afternoon.
The agreement was signed under the project titled ‘Revenue Mobilization Program: VAT Improvement Project’ to make the VAT and supplementary tax payable through online which will reduce the cost.