Bangladesh gets $100 million in budget support from Korea

South Korea will provide $100 million in budget support to Bangladesh for the “Second Strengthening Social Resilience Program, Subprogram-1”. The loan has a 1% annual interest rate, 25-year maturity, and 7-year grace period. Signed by officials from Bangladesh’s ERD and Korea Eximbank, the agreement aims to improve social protection systems. This continues the partnership between the two countries, with Korea Eximbank supporting various development projects in Bangladesh since 1993. Daily Star