Staff Reporter
Kuwait will provide US$13 million to finance the ongoing Greater Chittagong Power Transmission and Distribution Development Project (Phase-III) in Bangladesh’s southeastern Chittagong district.
A loan agreement in this regard was signed yesterday by representatives from Bangla-desh government and Kuwait Fund for Arab Economic

Development (KFAED). The KFAED, a mechanism through which the gulf country could extend loans and aid to Arab and other developing countries, has been involved as a development partner of Bangladesh for over three decades. [Read more]