China lends Bangladesh $336 million at 2% interest for Mongla port upgrade

On October 10, Bangladesh and China signed a loan agreement for Mongla port development. The deal provides a $336 million loan from China's EXIM Bank at a 2% interest rate. Bangladesh's Economic Relations Division and the Chinese bank's representatives signed the pact. The funding is intended to finance the renovation and expansion of the Mongla seaport.
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