Dhaka, March 14 -- Bangladesh bids to borrow variable-spread credits worth 2.2 billion RMB, equivalent to Tk 36.96 billion, from the Asian Infrastructure Investment Bank (AIIB) to ensure fund flow in Cottage, Micro, Small, and Medium Enterprises (CMSME) sector.

The central bank will implement a project namely 'Sustainable Development for CMSME' with the funds that have to be repaid in 20 years, officials said.

The government will soon send a proposal to the AIIB for the loan. But before that it is brainstorming in which currency the credit will be comparatively beneficial.

Earlier, the Economic Relations Division (ERD) in a letter to the finance division said, "There are differences in rate of interest of currency-based credits of the ...