Following Sri Lanka and Pakistan, Bangladesh is now being drawn into China’s debt trap. The interim government of Bangladesh has decided to take a loan of 6700 crore taka from China. These funds will be used for the development of the Teesta project, which has a direct connection to India.
The speed of this project has increased after the visit of Bangladesh’s chief advisor, Professor Muhammad Yunus, to China. Financial agreements between the two countries regarding the project may be signed by the end of this year. It is called the Teesta Mega Project. Both China and India have shown interest in this project at different times.
