Bangladesh, Aug. 9 -- Cash-strapped Investment Corporation of Bangladesh (ICB) considers low-cost funds or partial conversion of debts into equity for survival.

Advertisement It will sit with Finance Minister Amir Khosru Mahmud Chowdhury this week to seek his support in its favour for low-cost funds from the government or for the conversion of debts into equity.

The ICB at present has an aggregate amount of debts worth around Tk 130 billion, including interest, most of which was received from state-run entities including Sonali Bank, Janata Bank and Agrani Bank. These banks are also shareholders of the Corporation.

According to the managing director of ICB, Niranjan Chandra Debnath, the Corporation's annual operating cost is Tk 950 mi...