Bangladesh Seeks $2 Billion Loans by June to Fund Fuel Imports

Bangladesh is seeking about $2 billion in loans from multilateral lenders by June as the new government looks to finance imports of liquefied natural gas and other fuels during the summer, according to people familiar with the matter.Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Bangladesh is seeking about $2 billion in loans from multilateral lenders by June as the new government looks to finance imports of liquefied natural gas and other fuels during the summer, according to people familiar with the matter.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.Prime Minister Tarique Rahman’s administration expects to receive $1.3 billion from the International Monetary Fund under an existing program, along with about $700 million from the Asian Development Bank, according to the people, who asked not to be identified as the talks are private. The funds are part of a broader strategy to ensure uninterrupted power supplies during the summer without raising domestic prices. They will also help ease pressure on foreign exchange reserves.Rashed Al Mahmud Titumir, the prime minister’s adviser on finance and planning, confirmed the talks are ongoing but declined to disclose the amount being discussed. “We’re negotiating an interest rate which is a bit lower than the market rate,” he said. “There is reasonable progress with the Asian Development Bank, so we will definitely get that. We’ll likely get the IMF as well.” Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.The Ministry of Finance did not immediately respond to a request for comment. Bangladesh spends roughly $12 billion annually on energy imports, including crude oil, liquefied natural gas, liquefied petroleum gas and coal, according to government data. LNG is the fastest-growing component of the country’s energy bill. In 2025, Bangladesh spent about $4 billion to import 109 LNG cargoes, up from about $3 billion for 86 cargoes in 2024.Rising global prices remain a key risk for the nation. If oil, gas and coal prices stay at current elevated levels, Bangladesh’s annual fossil fuel import bill could increase by $4.8 billion — about 40% higher than 2025 levels, according to Zero Carbon Analytics.Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.