Bangladesh government on Monday signed a loan deal of Taka 2400 crore with World Bank at the NEC conference room in city’s Sher-e Bangla Nagar to boost up country’s financial sector.

M Mesbah Uddin, the Senior Secretary of Economic Relations Division and Executive Director Of Bangladesh Bank, Ahsanullah, signed the deal for Bangladesh government while Christine E kaimasa, acting Country Director of World Bank signed on behalf of the creditors.

The loan has to repay within 38 years including six years grace period with yearly .75 per cent service charge. This loan is commitment charge free.