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Islamic Finance Briefing - Categorized | Banking, Finance more

IDB set to increase loan for Bangladesh to buy oil

Posted on 25 May 2011

The Islamic Development Bank is likely to lend more money to Bangladesh to run newly installed oil-fired power plants as the country’s fuel imports may nearly double in the year to next June.
“We may raise the amount of loans for Bangladesh for the next fiscal year to import fuel oil,” Ahmad Mohammad Ali, president of the Jeddha-based Islamic Development Bank (IDB), told a news conference in Dhaka on Tuesday……………………………………….Full Article: Source

 
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