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Dhaka Bank, IFC ink US$55M facilities agreements

Bangladesh-based Dhaka Bank Ltd. and International Finance Corp. signed facilities agreements amounting to US$55 million.

Under the agreements, IFC will provide US$20 million working capital solutions facility to Dhaka Bank's offshore banking unit for its ground expansion in the small and medium enterprises-based export sector. IFC will also provide US$35 million worth of guarantee facility under its global trade finance program.