The central Bank yesterday approved $ 125.05 million foreign loan and supplier’s credit for 7 projects. The approval came from the 89th meeting of the Scrutiny Committee for approval of foreign loan / supplier’s credit held at Bangladesh Bank. The committee approved $ 44 million for Dutch-Bangla Power & Associates Ltd., $ 44 million for Orion Power Meghnaghat Ltd. (Earlier IEL Consortium & Associates Ltd.), $ 15.43 million for Tarasima Apparels Ltd., $ 15 million for Ma-Meem Denim Ltd., $ 4.45 million for Rising Industries Ltd., $ 1.60 million for Knit Concern Ltd. and $ 0.567 million for Plummy Fashions Ltd.
The highest interest rate of the approved proposals is 3-month LIBOR+4.50 per cent that is the effective interest rate is within 4.74 per cent and the tenor of these loan proposals are at least three years.
The meeting was presided over by Atiur Rahman, governor, Bangladesh Bank and convenor of the committee, while the Committee members including representatives of the Prime Minister’s office, Ministry of Finance, Ministry of Industries, Board of Investment and officials of the committee secretariat were also present.
The committee official (Joint director of Bangladesh Bank) informed the meeting that more foreign financing proposals are under consideration for approval. 
The committee hoped that such foreign financing will be helpful in keeping the dollar price stable, decreasing the deficit of the country’s ‘Balance of Payment’ and it will create more job opportunities.