Today (October 3rd), Indian Finance Minister Arun Jaitley is landing on Dhaka on a three-day visit at the invitation of Finance Minister Abul Maal Abdul Muhith.

He will be accompanied by Mr. Subhash Chandra Garg, Secretary, Department of Economic Affairs, Ministry of Finance and other senior officials of the Government of India and a 30-member high-level business delegation from the Federation of Indian Chambers of Commerce and Industry (FICCI).

In a press release by The Indian High Commission, Dhaka it is said that, Arun Jaitley will have bilateral meeting with the Finance Minister and the concerned officials of Bangladesh. The two Ministers are expected to review the status of economic cooperation and development partnership initiatives taken during the visit of the Prime Minster of India Shri Narendra Modi to Bangladesh in June 2015 and the Prime Minister of Bangladesh Sheikh Hasina to India in April 2017.

In the press release it is further said that on Wednesday (October 4) the Dollar Credit Line Agreement for implementation of the Indian line of credit of $4.5 billion is expected to be signed in the presence of the ministers of finance of Bangladesh and India. During the visit of Prime Minister Sheikh Hasina to India in April 2017, a Line of Credit of US$ 4.5 billion was announced for Bangladesh.

Signing of the Third Dollar Credit Line Agreement will enable Bangladesh to imply a number of key infrastructure projects of priority. 

In addition, in the presence of the two Ministers, the 'Joint Interpretative Notes’ on the Agreement between India and Bangladesh for the Promotion and Protection of Investments' will also be signed.

During the visit, the Indian Minister will give a speech on the subject of 'Macroeconomic Initiatives of the Govt. of India', at an event organized by the Policy Research Institute of Bangladesh and the High Commission of India.


News: BSS