"Now, and for the rest of this decade, China will be more debt collector than banker to the developing world"
Bangladesh will seek fresh loans amounting to $20 billion during Prime Minister Sheikh Hasina’s upcoming visit to China, which Beijing hopes would be a “game changer” in the bilateral relationship.
Talks on Chinese loan proposals will be at the fore during Prime Minister Sheikh Hasina’s upcoming visit to Beijing.
Authorities should critically examine and fix systemic problems
Bangladesh and China signed a $2.6 billion loan deal on the Padma bridge rail link project yesterday.
Exactly a year ago, China committed an estimated $21.5 billion in soft loan to Bangladesh for 27 projects, but Beijing is yet to release any fund mainly due to lengthy bureaucratic tangle.
