The International Islamic Trade Finance Corporation (ITFC) has raised its trade fi nance facility for Bangladesh to $3.3 billion for fi scal year 2026-27 to support imports of fuel oil, liquefi ed natural gas (LNG) and fertilizer.
The fi nancing marks a sharp rise from $2.23 billion provided in the previous fi scal year.
A fi nancing agreement was signed in Jeddah recently to that end, said a senior offi cial at the Economic Relations Division (ERD).
ERD Secretary Md Shahriar Kader Siddiky and ITFC Chief Executive Offi cer Adeeb Yousuf Al Aama signed the agreement.
According to ERD offi cials, 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.