ERD Secretary Fatima Yasmin and South Korean Ambassador to Bangladesh LEE Jang-Keun signing an arrangement at Economic Relations Division (ERD) conference room at the Sher-e-Bangla Nagor in the capital on Sunday to provide $700 million soft loan support for Bangladesh to help the latter’s economy recover from Covid-19 shocks. This loan amount will be disbursed by the Korea Exim Bank by 2025. The rate of interest under the soft loan programme is .01% to .05% and the maturity period is 40 years, including a grace period of 15 years.