$3 Billion Indian Credit: Half a billion used in 7yrs
Bangladesh's utilisation of Indian lines of credit has been nothing more than a sorry state of affairs in the past seven years.
Over the period, Dhaka has witnessed renewed vigour in New Delhi's commitments to financing projects with credits doubling and redoubling.
On top of two LoCs involving $3.06 billion that India already committed, a third one amounting to $4.5 billion is now in the pipeline.
But since 2010, Bangladesh could use only $576 million until last month.
A grim picture of the LoC utilisation surfaces at a time when India is all set to open the third and biggest yet LoC for Bangladesh through signing of an agreement during Indian Finance Minister Arun Jaitley's three-day Dhaka visit beginning on Tuesday.
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