The Bangladesh government has signed a US$3.3 billion Annual Financing Programme with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, for the 2026-27 financial year.
The agreement was signed at the ITFC headquarters in Jeddah during the recent official visit of a high-level delegation from Bangladesh.
Under the financing programme, Bangladesh Petroleum Corporation (BPC), Bangladesh Oil, Gas and Mineral Resources Corporation (Petrobangla), and Bangladesh Agricultural Development Corporation (BADC) will receive financing to facilitate the import of petroleum products, liquefied natural gas (LNG), and fertilisers, respectively, during the period from July 2026 to June 2027.
The agreement was signed by Nazeem Noordali, chief operating officer of ITFC, and Md Shahriar Kader Siddiky, secretary of the Economic Relations Division (ERD) under the Ministry of Finance. The signing was witnessed by Eng Adeeb Yousuf Al Aama, chief executive officer of ITFC.
The financing programme reflects the shared commitment of ITFC and the Government of Bangladesh to strengthening the country's energy and food security. It also reinforces the longstanding partnership between the two parties. Since 1977, ITFC and the IsDB have approved more than US$22.6 billion in financing for the Government of Bangladesh to support imports of petroleum products and LNG.
The Annual Financing Programme underscores ITFC's continued commitment to supporting the economic development of its member countries by providing tailored trade finance solutions that address their evolving development needs.
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