Dhaka, April 30 -- At the annual meeting of the Islamic Development Bank (IsDB) held in Riyadh on Monday, Bangladesh and the IsDB signed a significant loan agreement for the second phase of the 'Rural and Peri-Urban Housing Finance Project,' valued at approximately $289.52 million.

The five-year project agreement was inked by Md Shahriar Kader Siddiky, Secretary of the Economic Relations Division, Ministry of Finance, and Dr. Mansur Muhtar, Vice President of IsDB.

The signing ceremony was attended by notable figures including Finance Minister Abul Hassan Mahmood Ali and Muhammad Al Jasser, Chairman of the IsDB.

This initiative, set to be implemented by the Bangladesh House Building Finance Corporation under the Financial Institutions D...