The Saudi Arabia's International Islamic Trade Finance Corporation (ITFC), which is a member of the Islamic Development Bank (IsDB) Group, has signed a $1.4 billion financing plan with the Government of Bangladesh, reported SPA.

 

This financing plan will enable the Bangladesh Petroleum Company to import oil products from July 2023 to June 2024.

 

The ITFC, member of Saudi Arabia's Islamic Development Bank (IsDB), said the financing was aimed at developing Bangladesh's energy infrastructure.

 

The signing took place during a recent official visit by a high-level delegation from Bangladesh to the ITFC headquarters in Jeddah.