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Islamic Finance Briefing - Categorized | Banking, Finance more

$2bln IDB loan for Bangladesh

Posted on 04 January 2012

State-run Bangladesh Petroleum Corporation (BPC) will receive a $2 billion loan from the Jeddah-based Islamic Development Bank (IDB) to buy oil on the international market, a senior BPC official said.
“The IDB has agreed to lend the money for importing oil in 2012,” said Mohammad Abubakar Siddique, chairman of the BPC, the country’s sole oil importer and distributor………………………………………..Full Article: Source

 
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