Covid-19 Response

Korea to provide $50m loan for Bangladesh

Diplomatic Correspondent

30 October, 2020 12:00 AM printer

The Government of Korea has decided to provide Bangladesh with a soft loan of 50 million USD to support Bangladesh’s efforts for fighting against the Covid-19 pandemic.

The loan will be provided from the Economic Development Cooperation Fund (EDCF), a soft loan for assisting the socio-economic development program of developing countries run by EXIM Bank Korea, said the Korean Embassy in Dhaka on Thursday.

The Korea and Bangladesh Governments will soon enter into discussion for the implementation of the loan decision, including the conclusion of the Loan Agreement.