S Korea approves $100m loan

South Korea has approved $100 million from the Economic Development Cooperation Fund (EDCF) to help the recovery of Bangladesh's economy hit by the pandemic.

This will be the first EDCF loan to be implemented under the new EDCF Framework Agreement for the years 2021 through 2025, which was signed between the two governments on October 24, 2021, according to a statement of the Korean embassy in Dhaka yesterday.