India signed a landmark agreement with Bangladesh extending $2 billion to the country in its biggest ever overseas credit line, five years after it inked a credit agreement worth $1 billion with its neighbour. Chairman and Managing Director of Exim Bank Yaduvendra Mathur signed the deal with senior secretary in Bangladesh’s economic relations division Mohammad Mesbahuddin. The agreement was inked in line with Prime Minister Narendra Modi’s announcement during his visit here in June, 2015.

Bangladeshi officials familiar with the process said this credit would be used in a wider range of areas including the social sector while the previous 2010 credit line was mostly concentrated on communication infrastructure.

Did You Know?

• The official name of Bangladesh is the People’s Republic of Bangladesh and has a Unicameral Government.
• Bangladesh is a small country but stands eighth in terms of world population. It has a population density of almost 3000 people per square mile.
• Bangladesh has suffered the same fate as India when it comes to invasion, as it was separated almost after India’s independence from the British.
• Bangladesh was then called East Pakistan. Owing to the huge gap in between the two regions, very different cultures and languages, Bangladesh separated itself from Pakistan and declared independence.
• Bangladesh’s oldest known city site is the city of Mahasthangarh.