ITFC To Provide $2.1 bln In Loan To Bangladesh to Import of Petroleum Fuel & LNG
Dhaka, Feb. 7 -- International Islamic Trade Finance Corporation (ITFC) will provide $2.1 billion in loan to Bangladesh to facilitate the smooth import of petroleum fuel and LNG.
Jeddah-based ITFC and Energy and Mineral Resources Division of Bangladesh signed an agreement in this regard under Annual Financial Plan Negotiation for FY 2024-25 on Wednesday at the ministry.
The ITFC is a member of the Islamic Development Bank (IDB) Group.
Stare Minister for Power, Energy and Mineral Resources Nasrul Hamid was present on the occasion.
Under the credit agreement, the IITFC will finance state-owned Bangladesh Petroleum Corporation (BPC) to import petroleum fuels and state-owned Petrobangla to import liquified natural gas (LNG).
Energy and M...
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