Bangladesh has requested China to lengthen its mortgage repayment duration to 30 years, Finance Adviser Salehuddin Ahmed said at the present time (8 September).
“Bringing low-mark loans is consistently our priority. We want to lengthen the mortgage repayment duration…We requested China to lengthen the duration to 30 years. Now we own also requested to lengthen the grace duration,” he told reporters after a gathering with representatives of Japan World Cooperation Company (JICA), Asian Fashion Bank and Australian excessive commissioner appointed in Dhaka at the Secretariat.
The adviser also talked about that loans from Japan own a 30-year repayment duration as smartly as a ten-year grace duration.
In accordance to the latest files bulletin published by the Ministry of Finance, at the quit of June, China has larger than $55 billion dollars in shares in Bangladesh.
China in overall provides Bangladesh a grace duration of 5 years for loans and a repayment duration of 15 years.
Extra to observe…
