DHAKA -- Bangladesh is poised to finalize a new loan from China for a water treatment plant, but first Dhaka is pushing for changes to conditions it deems to be against its interests.
The new $276 million "tied loan" -- for a specific project whose contractor is chosen by the Chinese side without a competitive tender -- will be supplied by the Export-Import Bank of China. A signing ceremony is expected sometime in April, bringing years of talks to completion.
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