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Kibria urges Chinese Minister to soften ISP conditions

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November 12, 2000 

Dhaka-- (UNB) – Finance Minister Shah AMS Kibria yesterday requested China to soften the terms and conditions of interest subsidised preferential (ISP) loan and suppliers credit for Bangladesh.

Talking to a visiting Chinese Vice Minister he also requested to consider larger amount of interest free credit for infrastructural projects and Chinese assistance with increased grant and ISP loan.

In reply, the Chinese Vice Minister for Foreign Trade and Economic Cooperation Sun Zhenyu assured of looking into the terms and conditions of Chinese loan and assistance to Bangladesh.

“There is a comprehensive plan for the purpose,” he said during the meeting with the Finance Minister at his residence last (Saturday) evening.

Terming Bangladesh a good friend of China, Sun Zhenyu said that relations between the two countries would be strengthened in the years to come.

He strongly supported the larger participation of the Chinese private entrepreneurs in Bangladesh and said his government is encouraging Chinese investment abroad including here.

Both the Ministers discussed matters of mutual interest particularly for further expansion of economic relations between the two countries.

The Finance Minister expressed gratitude to the Chinese Government for its continued support to development projects in the country, said an official handout.