Indian Finance Minister Pranab Mukherjee will visit Dhaka for a day on Saturday to attend the signing of one-billion dollar credit facility by EXIM bank to Bangladesh for infrastructure projects.

During his 5-6 hour visit, Mukherjee will also call on Bangladesh Prime Minister Sheikh Hasina, his counterpart AMA Munith and Foreign Minister Dipu Moni and is expected to review the implementation of the agreements reached between the two countries earlier.

“He (Mukherjee) is set to visit Bangladesh on August 7,” a foreign ministry spokesman said, adding that the high profile Indian leader was coming on an invitation by Moni.

India’s High Commission in Dhaka said that during his several hours of stay, Mukherjee will call on Hasina, Moni and Munith.

“The Finance Minister of India will witness the signing of the USD 1 billion Line of Credit agreement by CMD, EXIM Bank of India and Secretary, Economic Relations Division (ERD) of Bangladesh,” the High Commission statement said.

The credit deal was agreed upon during Hasina’s visit to New Delhi in January this year.

The joint communique issued after Hasina’s talks with her Indian counterpart Manmohan Singh said the USD 1 billion credit will be for a range of projects for development of communication infrastructure, mostly in railway sector, and dredging in major rivers.

Mukherjee is also expected to review Indo-Bangla ties as well as decisions taken during the Hasina-Singh talks.

Foreign ministry officials said that this would be the first visit by such a senior Indian leader since Hasina’s India visit.