Bangladesh is set to receive a substantial loan from China, further solidifying China’s financial influence in the region. The loan, valued at 6700 crore taka, will be allocated to the Teesta project, a development initiative with significant implications for India. This move follows similar instances in Sri Lanka and Pakistan, where China’s financial involvement has led to complex geopolitical dynamics.
The Teesta project’s progress has accelerated following a visit by Bangladesh’s chief advisor, Professor Muhammad Yunus, to China. The financial agreements are expected to be finalized by the end of the year. The project has garnered interest from both China and India.