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Bangladesh urges China to reduce interest rate on loan, China expresses support for sovereignty of Bangladesh

  • Bangladesh has urged China to reduce interest rates on loans and extend the repayment period from 20 to 30 years, according to the Ministry of Foreign Affairs of Bangladesh.
  • The discussion involved Chinese Foreign Minister Wang Yi and Bangladesh's Adviser on Foreign Affairs Touhid Hossein during Hossein's visit to China.
  • China expressed support for the sovereignty and territorial integrity of Bangladesh and signed an MOU on sharing hydrological information.
  • Both countries discussed cooperation on various projects, including healthcare, railways, and the Rohingya crisis, with China committing to support livelihood projects in Bangladesh.
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China has given big relief to Bangladesh to repay the loan. China's Xi Jinping government has increased the loan repayment period given to Bangladesh from 20 years to 30 years. Bangladesh Foreign Minister Tawheed Husain, who visited China, made this request during his meeting with the Chinese Foreign Minister, which was accepted by China.

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Goa Chronicle broke the news in on Tuesday, January 21, 2025.
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