On March 25, 2024, the International Islamic Trade Finance Corporation (ITFC) of Saudi Arabia, a division of the Islamic Development Bank, finalized a financing agreement worth $1.4 billion with the Government of Bangladesh. Representatives from ITFC and Bangladesh Petroleum Corporation (BPC), the state-owned entity responsible for importing and marketing fuel oil, attended the signing event. This financing arrangement will facilitate BPC’s oil product imports from July 2023 to June 2024, as per the Saudi Press Agency (SPA). Читать дальше...