China to lend Bangladesh $1 billion for Teesta River project

Bangladesh is to receive a loan of nearly USD 1 billion from China to maintain water levels during the drought season after efforts to approve a water-sharing deal with India failed.

Daily Current Affairs Quiz 2020

Key-Points

Teesta River, is a 315 km long river that rises in the eastern Himalayas, flows through the Indian states of Sikkim and West Bengal through Bangladesh and enters the Bay of Bengal.

It forms the border between Sikkim and West Bengal. In India, it flows through Darjeeling district and the cities of Rangpo, Jalpaiguri and Mekhliganj. It joins the Jamuna River at Fulchhari in Bangladesh.

India and Bangladesh have been engaged in a long-standing dispute over water-sharing in the Teesta. More importantly, Bangladesh’s discussions with China come at a time when India is particularly wary about China following the standoff in Ladakh.