ITFC signs $2.1 billion deal with Bangladesh for oil and gas imports

According to energy officials, the International Islamic Trade Finance Corporation (ITFC) has inked a significant $2.1 billion financing plan with Bangladesh to support the nation’s crucial oil and gas imports. 

Bangladesh has been grappling with financial constraints in meeting its fuel and gas import bills due to depleting local reserves exacerbated by geopolitical events such as the Russian invasion of Ukraine.