France, Bangladesh sign deal to provide loans, satellite technology during Marcon's visit to Dhaka

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France, Bangladesh sign deal to provide loans, satellite technology during Marcon's visit to Dhaka
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DHAKA, Bangladesh (AP) — French President Emmanuel Macron witnessed the signature of a deal Monday to facilitate loans to Bangladesh aimed at infrastructure development, as well as a letter of intent to provide the South Asian country with an earth observation satellite system. This came during Macron's two-day visit to Bangladesh’s capital, Dhaka, where he met with Prime Minister Sheikh Hasina, to bolster bilateral relations between the two countries. Bangladesh’s Economic Relations Division si

DHAKA, Bangladesh — French President Emmanuel Macron witnessed the signature of a deal Monday to facilitate loans to Bangladesh aimed at infrastructure development, as well as a letter of intent to provide the South Asian country with an earth observation satellite system.

Bangladesh bought its first geostationary communications and broadcasting satellite, named Bangabandhu Satellite-1 and launched in 2018, from France where it was manufactured by Thales Alenia Space. Hasina said both the leaders agreed to continue to work to ensure stability in the Asia-Pacific region as well as on projects involving impacts of climate change as Bangladesh is considered to be one of the worst victims of change of weather.

Bangladesh has long been buying aircraft from the American company Boeing, but recently the government has signed an agreement with Airbus in which France has a major stake.Bangladesh's main opposition party, led by former Prime Minister Khaleda Zia, has threatened to boycott the election if Hasina does not resign and hand over power to a caretaker government to oversee the next election. Zia's party accused her of vote rigging in 2018.

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