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Bangladesh seeks $2B in foreign loans to ease fuel and LNG shortages amid rising global energy prices.
Bangladesh is seeking over $2 billion in external financing to address a worsening fuel and LNG crisis, as rising global energy prices—fueled by the Iran conflict—strain its economy.
With 95% of energy imports, the country has imposed rationing, temporarily eased during Eid al-Fitr, and is diversifying suppliers to the U.S., Southeast Asia, Nigeria, and the Middle East.
The government aims to secure $1.3 billion from the IMF, $500 million from the ADB, and additional funds from multilateral lenders, while avoiding fuel price hikes to protect consumers.
An IMF team is set to visit to accelerate disbursement.
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Bangladesh busca $ 2B en préstamos extranjeros para aliviar la escasez de combustible y GNL en medio del aumento de los precios de la energía global.