Dhaka, Nov. 26 -- The government has provided a loan of Tk 10 billion to the Investment Corporation of Bangladesh (ICB), a state-owned investment institution, to overcome its liquidity crisis and increase its investment capacity in the stock market.

ICB Chairman Abu Ahmed told bdnews24.com on Wednesday that the loan, approved 10-12 days ago, was received the previous day, saying: "The government has provided a loan of Tk 10 billion with a grace period of one and a half years."

The 10-year loan carries an interest rate of 5 percent. A separate account for savings will be maintained for the loan.

Abu Ahmed said that the loan will "relieve the burden of the institution's liquidity crisis to some extent," saying: "The government had arrang...