In Bangladesh, the country’s apex business chamber the Federation of Bangladesh Chambers of Commerce and Industry has welcomed the recent One Billion US dollars credit agreement signed between Bangladesh and India. Briefing reporters on Wednesday in Dhaka, the FBCCI president AK Azad, said that the businesspersons have the strong belief that none of the 14 projects to be implemented under the loan would go against the interest of the country. He also dismissed the main opposition party Bangladesh Nationalist party’s claim that that the interest rate of the loan was high. He asserted that the previous BNP government took credit from China with interest rate as high as 5 percent interest. He described the loan as unique for its low rate of interest and longer repayment period. He appreciated the Awami league government led by Sheikh Hasina for signing the agreement with India which would help to improve the infrastructure in Bangladesh and also strengthen economic relations between the two countries