Bangladesh is seeking about $2 billion in loans from multilateral lenders by June in a bid to finance imports of liquefied natural gas and other fuels during the summer, Bloomberg reported on Friday, citing people familiar with the matter.<\/p>\n
The South Asian nation expects $1.3 billion from the International Monetary Fund under an existing program, along with about $700 million from the Asian Development Bank, the report said. <\/p>\n
The funds are part of a broader strategy to ensure uninterrupted power supplies during the summer without raising domestic prices. They will also help ease pressure on foreign exchange reserves.<\/p>\n
\u201cWe\u2019re negotiating an interest rate which is a bit lower than the market rate,\u201d Rashed Al Mahmud Titumir, the prime minister\u2019s adviser on finance and planning said. <\/p>\n
\u201cThere is reasonable progress with the Asian Development Bank, so we will definitely get that. We\u2019ll likely get the IMF as well,\u201d Mahmud Titumir added.<\/p>\n
Bangladesh spends roughly $12 billion annually on energy imports, including crude oil, liquefied natural gas, liquefied petroleum gas and coal, according to government data. LNG is the fastest-growing component of the country\u2019s energy bill. In 2025, Bangladesh spent about $4 billion to import 109 LNG cargoes, up from about $3 billion for 86 cargoes in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"Bangladesh is seeking about $2 billion in loans from multilateral lenders by June in a bid to finance…\n","protected":false},"author":2,"featured_media":395442,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[174],"tags":[4692,180077,79,179,18,44547,19,17,8436],"class_list":["post-395441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-bangladesh","tag-bangladesh-seeks-loan-for-energy-imports","tag-business","tag-economy","tag-eire","tag-energy-imports","tag-ie","tag-ireland","tag-loans"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116263036735768906","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/395441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=395441"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/395441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/395442"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=395441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=395441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=395441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}