The International Islamic Trade Finance Corporation (ITFC) has raised its trade finance facility for Bangladesh to $3.3 billion for fiscal year 2026-27 to support imports of fuel oil, liquefied natural gas (LNG) and fertilizer.
The financing marks a sharp rise from $2.23 billion provided in the previous fiscal year.
A financing agreement was signed in Jeddah recently to that end, said a senior official at the Economic Relations Division (ERD).
ERD Secretary Md Shahriar Kader Siddiky and ITFC Chief Executive Officer Adeeb Yousuf Al Aama signed the agreement.
According to ERD officials, the package includes $2.5 billion for the Bangladesh Petroleum Corporation (BPC) to import fuel oil, $600 million for LNG imports and the rest is for fertilizer imports.
