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According to committee documents, Bangladesh's Non-concessional Loan Commission approved a US$3.1 billion financing package from the International Islamic Trade Finance Corporation for fuel and liquefied natural gas imports in the 2026-2027 fiscal year. Of this, 2.5 billion US dollars were earmarked for Bangladesh Petroleum to purchase refined oil products, and 600 million US dollars was given to the Bangladesh Petroleum and Gas Company to purchase liquefied natural gas. Each fund must be fully repaid after six months. Interest is calculated on the 6-month guarantee overnight financing rate plus 1.70 percentage points, plus an annual management fee of 0.20%. Note: As of October 1, the 6-month SOFR was approximately 3.68%. The International Islamic Trade Finance Corporation invested $600 million on its own. The remaining $2.5 billion was co-financed by the Central Bank of Bangladesh. The two sides began negotiations on June 29 and reached a consensus in principle on the scale of financing.
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According to committee documents, Bangladesh's Non-concessional Loan Commission approved a US$3.1 billion financing package from the International Islamic Trade Finance Corporation for fuel and liquefied natural gas imports in the 2026-2027 fiscal year. Of this, 2.5 billion US dollars were earmarked for Bangladesh Petroleum to purchase refined oil products, and 600 million US dollars was given to the Bangladesh Petroleum and Gas Company to purchase liquefied natural gas. Each fund must be fully repaid after six months. Interest is calculated on the 6-month guarantee overnight financing rate plus 1.70 percentage points, plus an annual management fee of 0.20%. Note: As of October 1, the 6-month SOFR was approximately 3.68%. The International Islamic Trade Finance Corporation invested $600 million on its own. The remaining $2.5 billion was co-financed by the Central Bank of Bangladesh. The two sides began negotiations on June 29 and reached a consensus in principle on the scale of financing.
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